Mediobanca has successfully completed the issue of a €500m senior preferred bond

Mediobanca has today successfully completed the placement of a senior preferred bond with 7.5-year maturity and call option provided after 6.5 years (July 2028) for a total amount of €500m.

The senior preferred bond, priced at 99,472 corresponding to a (MS+90bps) yield, recorded orders during the placement phase of more than €1.1bn, thus allowing the target size of €500m to be reached. The new bond issue forms part of the €40bn EMTN programme announced on 22 December 2021.

The bond will pay a fixed coupon of 1% that will become variable and linked to Euribor 3M after the date of the possible early redemption in July 2028.
All the leading institutional investors in the European panorama took part in the placement, and the distribution of the bond, 84% of which took place outside of Italy, is testimony to Mediobanca’s consolidated position at European level.

Milan, 10 January 2022