BENI STABILI SPA Beni Stabili: placement of EUR 300 million 2.375% senior unsecured bonds due 20 February 2028

Transparency directive : regulatory news

12/02/2018 22:52

Beni Stabili: placement of EUR 300 million 2.375% senior unsecured bonds due
20 February 2028

                        Milan: February 12th, 2018

Beni Stabili S.p.A. Siiq ("Beni Stabili" or the "Company") (rated BBB- by S&P
Global) has successfully launched and placed today the issue of senior
unsecured notes for an aggregate principal amount of EUR 300 million (the
"Notes") with a 10 year maturity and a 2.375% fixed annual coupon. The Notes
were priced at a spread of 133 basis points over the reference mid swap rate.

The appeal of Beni Stabili's profile with the domestic and international fixed
income investor community is again testified by the pool of high quality
investors participating in this long-term deal.

With this transaction, which is part of Beni Stabili's funding optimization
strategy, the Company is furtherly extending its average debt maturity while
reducing its cost of debt.

The Notes will be issued below par value (re-offer price 99.063%) with a
minimum denomination of EUR 100,000 and integral multiples of EUR 1,000
thereafter up to a maximum amount of EUR 199,000. The date of issuance and
settlement of the Notes is expected to be 20 February 2018. Requests have
already been submitted to the Commission de Surveillance du Secteur Financier
(CSSF) for the approval of the prospectus relating to the issuance of the Notes
and to the

Luxembourg Stock Exchange for the listing of the Notes on its official list and
their admission to trading on the regulated market upon issuance.

The net proceeds of the issue of the Notes will be used by the Company to
refinance existing indebtedness, which may include indebtedness in connection
with the outstanding bond issue "EUR 250,000,000 3.50 per cent. Notes due
2019", through the exercise of early redemption options, and/or for general
corporate purposes.

The placement exclusively targets qualified investors and the Notes will not be
offered or sold in any jurisdiction where the offer or sale of financial
instruments is forbidden by applicable law. General selling restrictions apply
in addition to those applicable in the United States, United Kingdom and
Republic of Italy.

Morgan Stanley and Natixis acted as Joint Lead Managers.

                                     * * *

This press release is not, and is not part of, an offer or sale of securities
to the public or a solicitation to purchase or sell securities, and there will
be no offer of securities or solicitation to sell or purchase securities in any
jurisdiction where such offer or solicitation would be forbidden by the law.

No action has been taken by Beni Stabili, the aforementioned banks or any of
their respective affiliates that would permit an offering of the securities or
possession or distribution of this press release or any publicity material
relating to the securities in any jurisdiction where action for such purposes
is required. Persons into whose possession this press release comes are
required to inform themselves about and to observe any such restrictions.

This press release shall not be distributed, whether directly or indirectly, in
the United States of America (as defined in Regulation S contained in the US
Securities Act of 1933, as subsequently amended - "US Securities Act") or in
any other country where the offer or the sale would be forbidden by the law.

The securities mentioned in this press release have not been and will not be
registered under the US Securities Act and may not be offered or sold in the
United States of America without a registration or a specific exemption from
registration under the US Securities Act. No offers of the securities to the
public or solicitation to sell or purchase securities shall be made in the
United States of America or in any other country.

                               * * * * *

For more information:

Beni Stabili Siiq
Investor Relations - Barbara Pivetta - +39.02.3666.4630 -
barbara.pivetta@benistabili.it
Media Contact - Barbara Ciocca - + 39.02.3666.4695 -
barbara.ciocca@benistabili.it

SEC and partners Srl
Matteo Steinbach - +39.346.1063989 - steinbach@secrp.com
Michele Calcaterra - + 39. 335.461985 - calcaterra@secrp.com

Beni Stabili Siiq, a leading property company in the Italian real estate
sector
Beni Stabili is the leading property player in the Italian real estate market
with total assets of over 4bn euro. Our assets portfolio is sited in key
locations of North and Central Italy?s major cities and consist mainly of
offices. We pursue the appreciation of our assets to increase profitability and
create value for our clients, partners and shareholders.

As a major player in office investment and development, we foster pioneering
solutions to improve the environmental performance of our buildings for the
well-being of our clients? employees. With this is mind we are developing in
Milan a new business area dedicated to smart working: Symbiosis.

Beni Stabili is listed on the Milan and Paris Stock Exchanges and operates
through its main offices of Milan and Rome.
Beni Stabili belongs to the Foncière des Régions group, a leading real estate
player in Europe who owns and manage an 18bn euro portfolio located in the most
attractive metropolitan cities of France, Germany and Italy.

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21/12/2018 14:57

BENI STABILI SPA Beni Stabili: placement of EUR 300 million 2.375% senior unsecured bonds due 20 February 2028

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