Obligation Carige Banca 0% ( IT0005225351 ) en EUR

Carige Banca

100 % ⇌

Italie

IT0005225351 ( en EUR )

25/05/2022 - Obligation échue

Prospectus brochure de l'obligation Banca Carige IT0005225351 en EUR 0%, échue

100 000 EUR

370 000 000 EUR

Banca Carige est une banque italienne basée à Gênes, ayant une histoire longue et complexe marquée par des difficultés financières et des restructurations successives.

L'Obligation émise par Carige Banca ( Italie ) , en EUR, avec le code ISIN IT0005225351, paye un coupon de 0% par an.
Le paiement des coupons est trimestriel et la maturité de l'Obligation est le 25/05/2022

Final Terms dated 20 June 2017
Banca Carige S.p.A.
Issue of Euro 150,000,000 Floating Rate Covered Bonds due 25 May 2022
(the "Tranche 2")
Guaranteed by
Carige Covered Bond S.r.l. (the "Guarantor")
to be consolidated and become fungible and form a single series with the Euro 95,000,000 Floating
Rate Covered Bonds 25 May 2022 issued on 29 December 2016
(the "Tranche 1" and, together with the Tranche 2, the "Series 637")
under the Euro 3,000,000,000 Programme
PART A CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the Conditions (the
"Conditions") set forth in the base prospectus dated 6 December 2016 and the supplements to the
prospectus dated 12 June 2017 and 16 June 2017 which, together, constitute a base prospectus (the "Base
Prospectus") for the purposes of the Prospectus Directive (Directive 2003/71/EC) (as amended from time
to time, the "Prospectus Directive") which includes the amendments made by Directive 2010/73/EU (the
"2010 Amending Directive"). This document constitutes the Final Terms of the Covered Bonds described
herein for the purposes of Article 5.4 of the Prospectus Directive. These Final Terms contain the final terms
of the Covered Bonds and must be read in conjunction with the Base Prospectus, as so supplemented. Full
information on the Issuer, the Guarantor and the offer of the Covered Bonds described herein is only
available on the basis of the combination of these Final Terms and the Base Prospectus, as so supplemented.
The Base Prospectus is available for viewing at the website of the Issuer at www.gruppocarige.it and copies
may be obtained during normal business hours from the registered office of the Issuer. These Final Terms
will be published on the website of the Luxembourg Stock Exchange at www.bourse.lu.
1.
(i)
Series Number:
637

(ii)
Tranche Number:
2
Tranche 2 will be consolidated and form a
single series, not less than 40 calendar days
after the Issue Date (such date being on or
after 31 July 2017), with the Tranche 1
2.
Specified Currency or Currencies:
Euro
3.
Aggregate Nominal Amount:

(i)
Series:
245,000,000

(ii)
Tranche:
150,000,000
4.
Issue Price:
100 per cent. of the Aggregate Nominal
Amount of Tranche 2 plus accrued interest in
an amount equal to 0.08775 per cent. in
respect of the 27 day period from and
including the Interest Commencement Date
and excluding the Issue Date
5.
(i)
Specified Denominations:
Euro 100,000

(ii)
Calculation Amount:
Euro 100,000
6.
(i)
Issue Date:
21 June 2017

(ii)
Interest Commencement Date:
25 May 2017
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7.
Maturity Date:
25 May 2022
8.
(i)
Extended Maturity Date of Guaranteed 25 May 2060
Amounts corresponding to Final
Redemption Amount under the
Covered Bond Guarantee:

(ii)
Extended
Instalment
Date
of Not Applicable
Guaranteed Amounts corresponding to
Instalment Amount under the Covered
Bond Guarantee:
9.
Interest Basis:
For the period from (and including) the
Interest Commencement Date to (and

including) the Extended Maturity Date, 3
months EURIBOR plus 1.50 per cent.
Floating Rate.

(further particulars specified below)
10.
Redemption/Payment Basis:
Redemption at par
11.
Change of Interest:
Not Applicable
12.
Put/Call Options:
Not Applicable
13.
Date of Board approval for issuance of Covered In respect of the Issuer, October 11th 2016 and
Bonds and Covered Bond Guarantee in respect of the Guarantor October 13th 2016
respectively obtained:
and May 10th 2017.
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
14.
Floating Rate Provisions

(i)
CB Interest Period(s):
Interest will be payable quarterly in arrears on
each CB Payment Date

(ii)
Specified Period:
Not Applicable

(iii)
CB Payment Dates:
Every 25th day of February, May, August and
November of each year

(iv)
First CB Payment Date:
25 August 2017

(v)
Business Day Convention:
Following Business Day Convention

(vi)
Additional Business Centre(s):
Not Applicable

(vii)
Manner in which the Rate(s) of Interest Screen Rate Determination
is/are to be determined:

(viii) Party responsible for calculating the Not Applicable
Rate(s) of Interest and/or Interest
Amount(s) (if not the Paying Agent):

(ix)
Screen Rate Determination:
Applicable

Reference Rate:
3 months EURIBOR

Interest
The second TARGET 2 Settlement Day prior
Determination
to the commencement of each CB Interest
Date(s):
Period
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Relevant
Screen Reuters EURIBOR 03
Page:

Relevant Time:
11.00 a.m. Brussels time

Relevant Financial Euro-zone
Centre:

(x)
ISDA Determination:
Not Applicable

(xi)
Margin(s):
+1.50 per cent. per annum

(xii)
Minimum Rate of Interest:
0 per cent. per annum

(xiii) Maximum Rate of Interest:
Not Applicable

(xiv) Day Count Fraction:

Actual/360 unadjusted
15.
Zero Coupon Provisions
Not Applicable
PROVISIONS RELATING TO REDEMPTION
16.
Call Option
Not Applicable
17.
Put Option
Not Applicable
18.
Final Redemption Amount of Covered Euro 100,000 per Calculation Amount
Bonds

(i)
Party responsible for calculating the Not Applicable
Final Redemption Amount (if not the
Principal Paying Agent):

(ii)
Minimum Final Redemption Amount: Not Applicable

(iii)
Maximum Final Redemption Amount: Not Applicable
19.
Early Redemption Amount
Euro 100,000 per Calculation Amount

Early redemption amount(s) per Calculation
Amount payable on redemption for taxation
reasons or on acceleration following a
Guarantor 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 COVERED BONDS
20.
Additional Financial Centre(s) or other special Not Applicable
provisions relating to payment dates:
DISTRIBUTION
21.
(i) If syndicated, names and business addresses Not Applicable
of Managers

(ii) If non-syndicated, name and business UBS Limited
address of Dealer
5 Broadgate
London EC2M 2QS
United Kingdom
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22.
U.S. Selling Restrictions:
Reg. S Compliance Category 2, TEFRA C
Signed on behalf of BANCA CARIGE S.P.A.

By: ...........................................................................
Duly authorised

Signed on behalf of CARIGE COVERED BOND S.R.L.

By: ...........................................................................
Duly authorised

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PART B OTHER INFORMATION
1.
LISTING
AND
ADMISSION
TO
TRADING

(i)
Listing
Official List of the Luxembourg Stock
Exchange

(ii)
Admission to trading
Application has been made by the Issuer (or
on its behalf) for the Tranche 2 to be listed on
the official list of the Luxembourg Stock
Exchange and admitted to trading on the
regulated market of the Luxembourg Stock
Exchange with effect from the Issue Date.
The Tranche 1 is listed on the official list of
the Luxembourg Stock Exchange and
admitted to trading on the regulated market of
the Luxembourg Stock Exchange since 29
December 2016.

(iii)
Estimate of total expenses related to Euro 4,200
admission to trading
2.
RATINGS
Applicable

Ratings:
The Covered Bonds to be issued are expected
to be rated:

Moody's: Baa1

The credit rating included or referred to in
these Final Terms is expected to be issued by
Moody's which is established in the European
Union and registered under Regulation (EC)
No 1060/2009 (as amended).
3.
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 Covered Bonds has an interest
material to the offer.
4.
Fixed Rate Covered Bonds only YIELD

Indication of yield:
Not Applicable

5.
Floating Rate Covered Bonds only - HISTORIC INTEREST RATES

Details of historic EURIBOR rates can be obtained from Reuters.
6.
OPERATIONAL INFORMATION

ISIN Code:
Temporary ISIN Code: IT0005273856.
Tranche 2 will be consolidated and become
fungible with Tranche 1 not less than 40
calendar days after the Issue Date (such date
being on or after 31 July 2017). Upon (such
consolidation, Tranche 2 will have the same
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ISIN Code as Tranche 1 (being
IT0005225351).

Common Code:
Temporary Common Code: 163707861.
Tranche 2 will be consolidated and become
fungible with Tranche 1 not less than 40
calendar days after the Issue Date (such date
being on or after 31 July 2017). Upon such
consolidation, Tranche 2 will have the same
Common Code as Tranche 1 (being
154110372)

Any Relevant Clearing System(s) other than Not Applicable
Monte Titoli S.p.A., Euroclear Bank S.A./N.V.
and Clearstream Banking, société anonyme and
the relevant identification number(s):

Delivery:
Delivery against payment

Names and Specified Offices of additional Not Applicable
Paying Agent(s) (if any):

Calculation Agent(s), Listing Agent(s) or Not Applicable
Representative of the Covered Bondholders (if
any):

Intended to be held in a manner which would Yes
allow Eurosystem eligibility:
Note that the designation "yes" simply means
that the Covered Bonds are intended upon
issue to be held in a form which would allow
Eurosystem eligibility (i.e. issued in
dematerialised form (emesse in forma
dematerializzata) and wholly and exclusively
deposited with Monte Titoli in accordance
with 83-bis of Italian legislative decree No. 58
of 24 February 1998, as amended, through the
authorised institutions listed in Article 83-
quater of such Legislative Decree) and does
not necessarily mean that the Covered Bonds
will be recognised as eligible collateral for
Eurosystem monetary policy and intra day
credit operations by the Eurosystem either
upon issue or at any or all times during their
life. Such recognition will depend upon the
ECB being satisfied that Eurosystem
eligibility criteria have been met

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