(AGENPARL) – mar 20 settembre 2022 PRESS RELEASE
AMCO SUCCESSFULLY ISSUES A
€500M
YEAR
SENIOR UNSECURED BOND
The book was
over
times oversubscribed
more than
% of allocations to foreign
investors
The deal
confirmes
AMCO’s capabilities to attract a stable, diversified and
quality
institutional investor base
Milan,
September
2022.
Today AMCO successfully priced a senior unsecured transaction
for a
total
notional amount
of €
million with a
year
maturity
March,
pite the challenging environment, m
ore than
institutions
placed orders
, totalling
about
times the final amount
offered
oreign accounts
represent
% of the allocations
. In terms of
investors’ type,
accounted for
, the rest being
a mix of bank
institutions
pensions funds
year bond
carries
a fixed annual coupon of
4.375
% and an issue price of
99.89
to occur on
September
. The notes will be listed on
Luxembourg
Stock Exchange’s Regulated Market.
The bond
, reserved to institutional investors,
was issued under AMCO’s
6bn EMTN
Program
renewed on
September, 16
2022
expected rating of BBB
from
both
Standard & Poor’s
and Fitch.
Deutsche Bank, IMI
Intesa Sanpaolo, Mediobanca, Morgan Stanley and Santander
acted as Joint
Lead Managers
Clifford Chance
White
acted as legal advisors to AMCO and to the
banks
respectively.
AMCO
With €34.1 billion of pro
forma NPEs at the end of June 2022
, of which
€13.9 billion
UTPs related
42 thousand Italian
companies
coupled with
year track record (as SGA), AMCO is a
leading
serving the real economy.
Partly owned by the Ministry of Economy and Finance, AMCO is a
service credit management
company operating in the market. Supervised by the Bank of Italy and “Corte dei Conti” as well as
subject to the control of its transactions by the Directorate General for Competition (DGComp), which
acts at EU level, AMCO op
erates according to a flexible, innovative business model that respects
debtors, creditors, originating banks, bondholders and individuals.
The management approach is designed to avoid creating financial and reputational stress and is
aimed at promoting bu
siness sustainabilit
, including by directly granting new financing to support
business
continuity
and industrial turnaround, so as to re
inject resources and energy into the system
for the benefit of
Italy
’s econom
Thanks to a diversified management s
trategy encompassing NPLs and UTPs and to the skills and
expertise of its 360 professionals operating in Milan, Naples and Vicenza, AMCO is able to fully
address the process of managing impaired loans and any kind of portfolio, including large ones,
relyin
g on an effective and flexible operating structure.
AMCO
S.p.A.
Investor Relations
Press Office
SEC Newgate