Poste Vita prezza 750 mln bond 2019 2,875%, midswap +215 pb - lead

mercoledì 21 maggio 2014 18:06

May 21(Reuters) -Following are terms and conditions
of a bond priced on Wednesday.

    Borrower                Poste Vita Spa
    Issue Amount            750 million euro
    Scheduled Maturity Date May 30, 2019        
    Coupon                  2.875 pct
    Reoffer price           99.597
    Spread                  215 basis points
    Underlying govt bond    Over Mid-swaps, equivalent to 248.2bp
                            over the 0.5 pct April 2019 OBL 169
    Payment Date            May 30, 2014
    Lead Manager(s)         IMI, Barclays, Citi, JPMorgan, Medio, 
                            Societe Generale CIB & Unicredit
    Ratings                 BBB+ (Fitch)
    Listing                 Lux
    Full fees               Undisclosed
    Denoms (K)              100-1
    Governing Law           English, subordination under Italian law
    ISIN                    XS1072613380

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((EMEA Fixed Income Desk Bangalore;; Reuters Messaging;