Debt

Pirelli in figures Pirelli in figures (1,44 MB)


On November 13, 2014 Pirelli successfully concluded the placement of a 5 year, fixed-rate, unrated bond issue worth a nominal 600 million euros. The operation obtained the lowest coupon - 1.75% - in Pirelli’s history, as well as for an Italian unrated corporate Eurobond, demonstrating the confidence investors have in Pirelli’s credit. The loan was placed with over 400 international investors and attracted total orders of approximately 5 billion euro.


Characteristics of the Bond:
issuer: Pirelli International plc issue price: 99.498%
guarantor: Pirelli Tyre S.p.A. redemption price: 100%
settlement date: 18 November 2014 minimum denomination: € 100,000 and additional multiples of € 1,000
maturity date: 18 November 2019 listing: Luxemburg Stock Exchange (www.bourse.lu)
coupon: 1.75% ISIN: XS1139287350


Previous Bond

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


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: 01 Apr 2015