FinecoBank accepts €168.12 million of AT1 notes from tender offer

Chicago, March 11 – FinecoBank concluded its tender offer by accepting €168,117,000 of its €300 million of non-cumulative temporary write-down deeply subordinated fixed-rate resettable notes (ISIN: XS2029623191), according to a press release.

The acceptance level represents all of the notes tendered in the offer.

The purchase price is 100.5.

The bank will call all of the remaining amount on the first call date, Dec. 3, 2024.

Settlement for the tender offer is expected to be on March 13.

The expiration deadline was at 11 a.m. ET on March 8.

The offer started on March 4.

The offer was contingent on the satisfaction of a financing condition. The issuer recently priced €500 million of additional tier 1 bonds, as earlier reported.

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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