BENI STABILI SPA Beni Stabili SpA Siiq: settlement and listing of EUR 300,000,000 2.375% senior unsecured bonds due 2028 (ISIN XS1772457633)

Transparency directive : regulatory news

20/02/2018 14:40

Beni Stabili: settlement and listing of EUR 300,000,000 2.375% senior
unsecured bonds due 2028 (ISIN XS1772457633)

Milan: February 20th, 2018

Beni Stabili S.p.A. Siiq ("Beni Stabili" or the "Company") (rated BBB- by S&P
Global) announces the issue and settlement of its EUR 300,000,000 2.375% senior
unsecured bonds due 2028 (the "Notes"). The prospectus relating to the Notes
has been approved by the Commission de Surveillance du Secteur Financier (CSSF)
on 16 February 2018.

The Company also announces that today the Notes have been listed on the
official list of the Luxembourg Stock Exchange and have been admitted to
trading on the regulated market of the Luxembourg Stock Exchange. The Notes
have been assigned a rating of BBB- by S&P Global, which is in line with Beni
Stabili's rating.

The appeal of Beni Stabili's profile within 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 maturity while
reducing its cost of debt. In fact, the Company has also exercised the early
redemption option on the outstanding bond issue "250,000,000 3.50 per cent.
Notes due 2019".

The placement has been arranged by Morgan Stanley & Co. International PLC and
Natixis acting as joint lead managers (the "Joint Lead Managers").

No action has been taken by the Company, the Joint Lead Managers 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 - the "US Securities Act"), in
Canada, Japan, or in any other country where the offer or the sale would be
forbidden by the law. 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. 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.

The documentation relating to the offer of the Notes will not be submitted to
CONSOB (the Italian Securities Exchange Commission) for approval pursuant to
the applicable laws and regulations. Therefore, the Notes may not be offered,
sold or distributed to the public in the territory of the Republic of Italy,
other than to qualified investors, as defined by article 100 of Legislative
Decree No. 58 of 24 February 1998, as subsequently amended, and pursuant to
article 34/3, paragraph 1(b) and 35/2, paragraph 3, of CONSOB Regulation No.
11971 of 14 May 1999, as amended from time to time.

In connection with the offering of the Notes, each of the Joint Lead Managers
and their respective affiliates, acting as investors for their own account, may
subscribe the Notes and for such reason hold in their portfolios, purchase or
sell such securities or any security of the Company or make any related
investment. The Joint Lead Managers do not intend to disclose the amount of
such investments or transactions other than to the extent required by the
applicable laws and regulations.

The Joint Lead Managers are acting on behalf of the Company and no one else in
connection with the offering of the Notes, and will not be responsible to any
other person for providing the protections afforded to clients of the Joint
Lead Managers, or for providing advice given in relation to the securities.

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 SpA Siiq: settlement and listing of EUR 300,000,000 2.375% senior unsecured bonds due 2028 (ISIN XS1772457633)

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