Issue of Debt
January 27 2006 - 11:54AM
UK Regulatory
RNS Number:5864X
Banche Popolari Unite S.c.a.r.l.
27 January 2006
Final Terms dated 27 January 2006
Banche Popolari Unite S.c.p.a.
Issue of Euro 200,000,000 Tier III Subordinated Floating Rate Notes due 2008
under the Euro 5,000,000,000 Debt Issuance Programme
PART A - CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the
Conditions set forth in the Prospectus dated 28 November 2005 which constitutes
a base prospectus for the purposes of the Prospectus Directive (Directive 2003/
71/EC) (the "Prospectus Directive''). This document constitutes the Final Terms
of the Notes described herein for the purposes of Article 5.4 of the Prospectus
Directive and must be read in conjunction with such Prospectus. Full information
on the Issuer and the offer of the Notes is only available on the basis of the
combination of these Final Terms and the Prospectus. The Prospectus is available
for viewing on the website of the Regulatory News Service operated by the London
Stock Exchange at www.londonstockexchange.com/en-gb/pricesnews/marketnews and
copies may be obtained at the office of the Issuer at Piazza Vittorio Veneto, 8,
Bergamo, Italy and at the offices of the Issuing and Paying Agent at 5 Carmelite
Street, London, United Kingdom.
1 Issuer: Banche Popolari Unite S.c.p.a.
2 Series Number: 38
3 Specified Currency or Euro
Currencies:
4 Aggregate Nominal Amount of Euro 200,000,000
Notes admitted to trading:
5 Issue Price: 99.927 per cent. of the Aggregate Nominal Amount
6 Specified Denominations: Euro 50,000
So long as the Notes are represented by the temporary Global
Note or the permanent Global Note and the relevant clearing
system(s) so permit, the Notes shall be tradable only in
principal amounts of at least the Specified Denomination and
integral multiples of the Tradeable Amount in excess thereof as
specified in Paragraph 6 of Part B of these Final Terms.
7 (i) Issue Date: 30 January 2006
(ii) Interest Commencement 30 January 2006
Date:
8 Maturity Date: The Interest Payment Date falling in or nearest to July 2008
9 Interest Basis: 3 month Euribor + 0.25% per annum Floating Rate
(further particulars specified below)
10 Redemption/Payment Basis: Redemption at par
11 Change of Interest or Redemption Not Applicable
/Payment Basis:
12 Put/Call Option: Not Applicable
13 (i) Status of the Notes: Dated Subordinated (Tier III)
(ii)Date Board approval for 26 April 2005
issuance of Notes obtained:
14 Method of distribution: Syndicated
PROVISIONS RELATING TO INTEREST
(IF ANY) PAYABLE
15 Fixed Rate Note Provisions: Not Applicable
16 Floating Rate Note Provisions: Applicable
(i) Interest Period(s): Each period from and including an Interest Payment Date to but
excluding the next Interest Payment Date save for the first
Interest Period which shall be the period from and including
the Issue Date to but excluding the first Interest Payment Date
(ii) Specified Interest 30 January, 30 April, 30 July and 30 October in each year,
Payment Dates: commencing 30 April 2006, subject to adjustment in accordance
with the Business Day Convention specified below
(iii)Business Date Modified Following Business Day Convention
Convention:
(iv) Business Centre(s): Not Applicable
(v) Manner in which the Screen Rate Determination
Rate(s) of Interest
is/are to be determined:
(vi) Party responsible for Not Applicable
calculating the Rate(s)
of Interest and
Interest Amount(s)
(if not the
Calculation Agent):
(vii)Screen Rate
Determination:
- Reference Rate: 3 month EURIBOR
- Interest
Determination Date(s): Two Target Business Days prior to the first day of the relevant
Interest Period
- Relevant Screen Page: Telerate page 248
(viii) ISDA Determination: Not Applicable
(ix) Margin(s): +0.25% per annum
(x) Minimum Rate of Not Applicable
Interest:
(xi) Maximum Rate of Not Applicable
Interest:
(xii) Day Count Fraction: Actual/360
(xiii) Fall back provisions, Not Applicable
rounding provisions,
denominator and any
other terms relating
to the method of
calculating interest
on Floating Rate
Notes, if different
from those set out in
the Conditions:
17 Zero Coupon Note Provisions: Not Applicable
18 Dual Currency Note Provisions: Not Applicable
PROVISIONS RELATING TO REDEMPTION
19 Call Option: Not Applicable
20 Put Option: Not Applicable
21 Final Redemption Amount of each Euro 50,000 per Note
Note:
22 Early Redemption Amount
Early Redemption Amount(s)
of each Note As per Conditions
payable on redemption
for taxation reasons or on
event of default or other
early redemption and/or
the method of calculating
the same (if required or if
different from that set
out in the Conditions):
GENERAL PROVISIONS APPLICABLE TO
THE NOTES
23 Form of Notes: Bearer Notes:
Temporary Global Note exchangeable for a Permanent Global Note
which is exchangeable for Definitive Notes in the limited
circumstances specified in the Permanent Global Note
24 Financial Centre(s) or other Not Applicable
special provisions
relating to payment dates:
25 Talons for future Coupons or Not Applicable
Receipts to be attached to
Definitive Notes (and dates
on which such Talons mature):
26 Details relating to Partly Paid Not Applicable
Notes: amount of each
payment comprising
the Issue Price and date on
which each payment is to be
made and consequences (if any)
of failure to pay, including any
right of the Issuer to forfeit
the Notes and interest due
on late payment:
27 Details relating to Instalment Not Applicable
Notes: amount of each
instalment, date on which
each payment is to be made:
28 Redenomination, renominalisation Not Applicable
and reconventioning provisions:
29 Consolidation provisions: Not Applicable
30 Other final terms: Not Applicable
DISTRIBUTION
31 (i) If syndicated, names Banca IMI S.p.A.
of Managers:
HSBC Bank plc
Centrobanca - Banca di Credito Finanziario e Mobiliare
S.p.A.
(ii) Stabilising Manager(s) Not Applicable
(if any):
32 If non-syndicated, name of Not Applicable
Dealer:
33 Additional selling restrictions: Not Applicable
LISTING AND ADMISSION TO TRADING APPLICATION
These Final Terms comprise the final terms required to list and have admitted to
trading the issue of Notes described herein pursuant to the Euro 5,000,000,000
Debt Issuance Programme of Banche Popolari Unite S.c.p.a.
RESPONSIBILITY
The Issuer accepts responsibility for the information contained in these Final
Terms.
Signed on behalf of the Issuer:
By: ....................
Duly authorised
PART B - OTHER INFORMATION
1 LISTING
(i) Listing: London
(ii) Admission to trading: Application has been made for the Notes to be admitted to trading
on the Gilt Edged and Fixed Interest Market of the London Stock
Exchange plc with effect from 30 January 2006.
(iii) Estimate of total #100
expenses related to
admission to trading:
2 RATINGS
Ratings: The Notes to be issued are expected to be rated:
S & P: BBB-
Moody's: Baa1
Fitch: BBB
3 NOTIFICATION
Not Applicable
4 INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE
So far as the Issuer is aware, no person involved in the offer of the Notes has
an interest material to the offer.
5 OPERATIONAL INFORMATION
ISIN Code: XS0242012952
Common Code: 024201295
Any clearing system(s) other than Not Applicable
Euroclear Bank S.A./N.V. and Clearstream
Banking societe anonyme and the relevant
identification number(s):
Delivery: Delivery against payment
Names and addresses of additional Paying Not Applicable
Agent(s) (if any):
6 GENERAL
Tradeable Amount: Euro 1,000
So long as the Notes are represented by the temporary Global Note
or the permanent Global Note and the relevant clearing system(s)
so permit, the Notes shall be tradeable only in principal amounts
of at least the Specified Denomination and integral multiples of
the Tradeable Amount in excess thereof.
Applicable TEFRA exemption: D Rules
This information is provided by RNS
The company news service from the London Stock Exchange
END
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