EXCHANGEABLE BOND PLACEMENT LAUNCHED.BONDS EXCHANGEABLE INTO MEDIOLANUM S.p.A. ORDINARY SHARES
Price sensitive
Mediobanca S.p.A. hereby gives notice that Mediobanca International S.A. has today launched the placement of an exchangeable bond, exchangeable into Mediolanum S.p.A. ordinary shares falling due in 2015, for a total amount of up to approximately € 78,000,000. Mediobanca S.p.A is acting as Global Coordinator and Bookrunner.
It is envisaged that the coupon paid annually will be comprised within a range from 2.125% and 2.625% per annum and that the exchange price will be established at a premium of between 30% to 35% over Mediolanum ordinary share VWAP (Volume Weighted Average Price) as determined from the launch up until the time of pricing of the bond.
Final results of the placement, the exchange price and the coupon rate will be released as soon as available.
In compliance with the measures implemented by the Italian competition and market authority under ruling no. 17283 issued on 18 September 2007, Mediobanca S.p.A. will wind up its 1.9% stake in Mediolanum S.p.A. via this placement.
