02 December 2009

Successful completion of Buzzi Unicem's 7-year bond issue

Today Buzzi Unicem SpA has successfully completed the issue of the bond resolved by the Board of Directors of 11 November 2009, for a nominal amount of €350 million with a 7-year maturity.

The notes, placed with institutional investors only and with a minimum denomination of €50,000 pay a fixed annual coupon of 5.125%. The issue price is equal to 99.329 which corresponds to an effective gross yield of 5.242%. The bond, which is governed by English law, is due on 9 December 2016.

The issue, which represents Buzzi Unicem’s launch on the Eurobond market, received subscriptions for 2.2-fold the amount. Standard & Poor’s assigned to the bond the rating BBB. Buzzi Unicem will apply for the listing of the bond and the admission to trading on the Luxembourg regulated market (Luxembourg Stock Exchange). Through the issue, the company aims at diversifying the funding sources and lengthening the average debt maturity profile.

Banca IMI and Deutsche Bank acted as Joint Lead Manager and Joint Bookrunner of the transaction.

The notes will only be offered and sold outside the United States to institutional investors that are non-U.S. persons under Regulation S and have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or any other securities laws. The notes may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This press release shall not constitute an offer to sell or an offer of financial products, nor shall there be any sale of these notes in any state or jurisdiction in which such an offer or sale would be unlawful. No action has been or will be taken to permit a public offering of the notes in any jurisdiction, including Italy.

This press release is not an offer of securities for sale or an offer of financial products in the Unites States or in any other jurisdiction, including Italy. The securities may not be offered or sold in the United States or to or for the account or benefit of U.S. persons (as such term is defined in Regulation S of the U.S. Securities Act) unless registered under the U.S. Securities Act of 1933 or exempted from such registration. Any offer of securities will be made by means of a prospectus that will contain detailed information on, inter alia, the Issuer  and its management.

The offering of the notes has not been cleared by Commissione Nazionale per le Società e la Borsa (CONSOB) pursuant to Italian securities legislation. Accordingly, the notes have not been and will not be offered, sold or delivered in Italy in a public offering unless in circumstances which are exempted from the publication of an offering prospectus pursuant to applicable laws and regulations and the notes will be offered, sold or delivered  in Italy only in compliance with all applicable laws and regulations.

This press release is directed only (i) at persons who are outside the United Kingdom; (ii) to investment professionals falling within art. 19 (5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (“Order”) as amended or (iii) at persons falling within Article 49 (2)  (a) to (d) (high net worth individuals, unincorporated associations, etc.”) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 as amended (all such persons together being referred to as “relevant persons”). This press release must not be acted on nor relied on by persons that are not relevant persons. Any investment activity to which this press release relates is reserved for relevant persons only and may only be engaged in by relevant persons.

Not for distribution in the United States

Company contacts:
Investor Relations Assistant
Mariangiola Fiore
Phone +39 0142 416 404