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Rome, 23 December 2019

FS Italiane issued two private placements (series 12 e series 13) off the 7 billion EMTN Programme listed on the Irish Stock Exchange and updated in London on 17 December 2019.

Series 12: amount 140 million euro, 10 year maturity. The bond has been issued at par with a floating rate indexed to Euribor 6M plus a margin of 90 bps, that implies a final spread, on the closing date, 21bps below the BTP duration equivalent.

Series 13: amount 190 million euro, 4.5 year maturity. The bond has been issued at par with a floating rate indexed to Euribor 6M plus a margin of 52 bps, that implies a final spread, on the closing date, 15bps below the BTP duration equivalent.

UniCredit Bank (serie 12) and BNP Paribas (serie 13) acted as Sole Bookrunner.

The net proceeds will finance investments in High Speed infrastructure and cargo sector.

These two transactions complete the 2019 FS Group’s funding needs.

The overall amount issued by FS under its EMTN Programme reaches 5 billion and 80 million euro.

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