Debt

Pirelli in figures Pirelli in figures (1,54 MB)


On February 10, 2011 Pirelli & C. successfully concluded the placement of a 5 year, fixed-rate, unrated bond issue worth a nominal 500 million euros. The offering, to international institutional investors, was positively received and more than 9 times oversubscribed. Over 93% was placed with institutional investors outside Italy.


Characteristics of the Bond:
issuer: Pirelli & C S.p.A. issue price:  99.626%
guarantor:  Pirelli Tyre S.p.A. redemption price: 100%
settlement date: 22 February 2011 minimum denomination: € 100,000 and additional multiples of € 1,000
maturity date: 22 February 2016 listing: Luxemburg Stock Exchange (www.bourse.lu)
coupon: 5.125% ISIN: XS0592703382


Previous Bond

On April 7, 2009 expired bonds for € 150 mn, 5.125%, issued in 1999 by Pirelli & C. SpA.

On October 21, 2008, Pirelli & C. S.p.A. redeemed the 4.875% fixed interest bonds it issued for Euros 500 million in 1998 at a fixed rate of 4.875%.

In April 2007 expired bonds for € 500 mn, 6,5%, issued by Pirelli Finance Luxembourg S.A., granted by Pirelli & C. SpA.

Download the table

Carrying amount

(€ thousand) 10/02/2011 07/04/2009 22/10/2008 12/31/2006
         
Pirelli & C. S.p.A. 2011-2016 500,000 - - -
Pirelli & C. S.p.A. 1998-2008 - - 500,000 500,000
Pirelli & C. S.p.A. 1999-2009 - 150,000 150,000 650,000
  500,000 150,000 650,000 1.150,000

Disclaimer


The publication of this information does not constitute or form part of any offer to sell nor a solicitation of any offer to buy any securities in any jurisdiction in which such offer or sale would be unlawful. It may be unlawful to distribute this information in certain jurisdictions.

The publication of this information does not constitute a public offer of financial products in Italy as per Article 1, para. 1, letter. t) of Legislative Decree no. 58 of February 24, 1998.

The publication of this information does not constitute an offer of securities for sale in the United States, in Australia, Canada or Japan and such information is not for direct or indirect distribution in any such jurisdictions. The securities referred to in this information have not been and will not be registered under the US Securities Act of 1933, as amended, and can not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.


Last Revised: 08 Aug 2014