Mediobanca as Sole Green and Sustainable Structuring Advisor & Joint Bookrunner in the new issue for Mediobanca S.p.A.

Mediobanca S.p.A. New € 500m Inaugural Senior Preferred Green Bond 7y.

Following the presentation of the new Mediobanca Green and Sustainable Bond Framework in a virtual marketing exercise involving more than 65 investment firms, on Tuesday 1^st September the Group Treasury decided to tap the market for Mediobanca’s inaugural Senior Preferred Green issuance.

This transaction achieves one of the main ESG targets outlined in the 2019-23 industrial plan (i.e. “ESG bond” issuance) and, within the Green and Sustainable Bond Framework, reveals to be a very significant lever to foster the Group ESG lending opportunities, both corporate and retail.

The €500m 7 year Green bond was priced at MS+135bps (1.000% coupon), thanks to a remarkable 30bps tightening vs. IPTs on the back of a book in excess of € 3.5bn. The final price embeds a negative premium of ca. -8bps vs the estimated fair value.

As a further testament to the long lasting strength of the Mediobanca brand and the effectiveness of the ESG path more recently undertaken, the book was composed by more than 220 well diversified accounts, with a significant presence of non-domestic names (85% of the notes were placed outside Italy) with the majority of bonds allocated in France (25%), Germany & Austria (15%), UK (14%), Nordics and Iberia (10% each). To be noted also that the transaction saw a meaningful participation from SRI investors.

Mediobanca DCM acted as Sole Green and Sustainable Structuring Advisor. This represents the 33^rd deal executed by the DCM Team since January 2020 and the 5^th transaction in ESG format.