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TelecomsTalk | March 28, 2024

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Prysmian: Board of Directors Approves Bond Issue up to €800 Million

Editor

At a meeting today, the Board of Directors of Prysmian S.p.A. authorised management – depending on prevailing market conditions and by 30 June 2016, also through several transactions – to proceed with the issuance and placement (public or private) of bonds, in one or more tranches (the “Bonds”). The Bonds will be offered for sale only to institutional investors and will be listed on one or more regulated markets or multilateral trading facilities. The issuance of the Bonds is intended to diversify Prysmian S.p.A.’s funding sources and to extend the average maturity of its debt. The Board of Directors approved the issuance of the Bonds for a maximum nominal amount of up to €800 million; the maximum duration will be 7 years. The final terms of the transactions will be fixed at the time of pricing, based on market conditions, and will be announced once decided.

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