Issue of Debt
February 24 2006 - 12:49PM
UK Regulatory
RNS Number:9433Y
Banche Popolari Unite S.c.a.r.l.
24 February 2006
Final Terms dated 24 February 2006
Banche Popolari Unite S.c.p.a.
Issue of Euro 500,000,000 Floating Rate Notes due 2011
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: 39
3 Specified Currency or Euro
Currencies:
4 Aggregate Nominal Amount of Euro 500,000,000
Notes admitted to trading:
5 Issue Price: 99.859 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 tradeable
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: 28 February 2006
(ii) Interest Commencement 28 February 2006
Date:
8 Maturity Date: The Interest Payment Date falling in or
nearest to February 2011
9 Interest Basis: 3 month Euribor + 0.15% per annum Floating
Rate
(further particulars specified below)
10 Redemption/Payment Basis: Redemption at par
11 Change of Interest or Not Applicable
Redemption/Payment Basis:
12 Put/Call Option: Not Applicable
13 (i) Status of the Notes: Senior
(ii) Date Board approval for 31 January 2006
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 Payment 28 February, 28 May, 28 August and 28
Dates: November in each year, commencing 28 May
2006, subject to adjustment in accordance
with the Business Day Convention specified
below
(iii) Business Date Convention: Modified Following Business Day Convention
(iv) Business Centre(s): Not Applicable
(v) Manner in which the Rate(s) of Screen Rate Determination
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 Two Target Business Days prior to the first
(s): day of the relevant Interest Period
- Relevant Screen Page: Telerate page 248
(viii) ISDA Determination: Not Applicable
(ix) Margin(s): +0.15% per annum
(x) Minimum Rate of Interest: Not Applicable
(xi) Maximum Rate of Interest: Not Applicable
(xii) Day Count Fraction: Actual/360
(xiii) Fall back provisions, rounding Not Applicable
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 Index Linked Interest Note/ Not Applicable
other variable-linked interest
Note Provisions:
19 Dual Currency Note Provisions: Not Applicable
PROVISIONS RELATING TO
REDEMPTION
20 Call Option: Not Applicable
21 Put Option: Not Applicable
22 Final Redemption Amount of Euro 50,000 per Note
each Note:
23 Early Redemption Amount
Early Redemption Amount(s) of As per Conditions
each Note 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
24 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
25 Financial Centre(s) or other Not Applicable
special provisions relating to
payment dates:
26 Talons for future Coupons or Not Applicable
Receipts to be attached to
Definitive Notes (and dates on
which such Talons mature):
27 Details relating to Partly Not Applicable
Paid 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:
28 Details relating to Instalment Not Applicable
Notes: amount of each
instalment, date on which each
payment is to be made:
29 Redenomination, Not Applicable
renominalisation and
reconventioning provisions:
30 Consolidation provisions: Not Applicable
31 Other final terms: Not Applicable
DISTRIBUTION
32 (i) If syndicated, names of Bayerische Hypo- und Vereinsbank AG
Managers:
UBS Limited
UniCredit Banca Mobiliare S.p.A.
Centrobanca - Banca di Credito Finanziario e
Mobiliare S.p.A.
(ii) Stabilising Manager(s) Not Applicable
(if any):
33 If non-syndicated, name of Not Applicable
Dealer:
34 Additional selling Not Applicable
restrictions:
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
Listing: London
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 28 February
2006
Estimate of total expenses #100
related to admission to
trading:
2 RATINGS
Ratings: The Notes to be issued are expected to be
rated:
S & P: A-
Moody's: A2
Fitch: A-
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: XS0245036404
Common Code: 024503640
Any clearing system(s) other Not Applicable
than 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 Not Applicable
additional Paying 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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