FinecoBank runs tender offer for subordinated additional tier 1 notes

Chicago, March 6 – FinecoBank announced a tender offer for any and all of the €300 million of non-cumulative temporary write-down deeply subordinated fixed-rate resettable notes (ISIN: XS2029623191), according to an offering document regarding the offer that started March 4.

The first call date for the notes is Dec. 3, 2024.

The purchase price is 100.5.

The tender offer is subject to a financing condition, namely the issuance of new notes. The issuer priced €500 million of additional tier 1 bonds on Monday.

Tendering noteholders were eligible for priority allocations on the new notes issue.

The offer expires at 11 a.m. ET on March 8.

Results will be announced on March 11. Settlement will be on March 13.

BNP Paribas (+33 1 55 77 78 94, liability.management@bnpparibas.com) and UniCredit Bank GmbH (+39 02 8862 0630, +49 89 378 15150, agdcfiitaly.uc@unicredit.eu, agdcmsyndfigitaly.uc@unicredit.eu, liability.management@unicredit.de) are the dealer managers.

Morrow Sodali Ltd. is the information and tender agent (+44 20 4513 6933, +39 06 4521 2811, fineco@investor.morrowsodali.com, https://projects.morrowsodali.com/fineco).

Based in Reggio Emilia, Italy, the issuer specializes in online brokerage.

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