issuer: Veneto banca s.c.p.a. ( “veneto banca”)
notes: Dated subordinated notes (tier 2)
format: Reg s bearer
issuer senior rating (s&p/dbrs)+ (neg) / bb (review for downgrade)
exp. Issue rating (s&p): [ccc]
principal amount: Eur 200mm
settlement date: 1 december 2015 (t +5)
optional redemption date (call):1 december 2020 (one time issuer call at year 5)
maturity date: 1 december 2025
yield: 10.5% annual yield (quarterly coupons)
coupon: 9.5%
re-offer: 97.628
status of the notes: The subordinated notes and the coupons relating to them constitute direct, unsecured and subordinated obligations of veneto banca and will rank after unsubordinated unsecured creditors of the issuer. Pari passu without any preference among themselves and at least pari passu with all other subordinated obligations of the issuer which do not rank or are not expressed by their terms to rank junior or senior to the subordinated notes and in priority to the claims of the issuer’s shareholders.
Documentation: Base prospectus dated 23 july 2015, as supplemented on 28 september 2015, 6 october 2015, 28 october 2015, 4 november 2015 and 18 november 2015