Piaggio & C

Capital/Financing Update • Apr 20, 2018

Informazione Regolamentata n. 0835-43-2018		Data/Ora Ricezione 20 Aprile 2018 13:59:36	MTA
Societa'	:	PIAGGIO & C.
Identificativo Informazione Regolamentata	:	102517
Nome utilizzatore	:	PIAGGION01 - LUPOTTO
Tipologia	:	REGEM
Data/Ora Ricezione	:	20 Aprile 2018 13:59:36
Data/Ora Inizio Diffusione presunta	:	20 Aprile 2018 13:59:37
Oggetto	:	PR Piaggio - Bond Bestseller in Europa ENG 20.04.18
Testo del comunicato

Vedi allegato.

PRESS RELEASE

PIAGGIO GROUP: EURO 250 MILLION BOND THE WEEK'S BEST-SELLER IN EUROPE

ACCORDING TO BLOOMBERG'S STATISTICAL ANALYSIS, THE PIAGGIO BOND WAS THE MOST HEAVILY OVERSUBSCRIBED ISSUE (AROUND 7 TIMES)

THE VALUATION WAS ALSO INFLUENCED BY THE REDUCTION OF THE ANNUAL INTEREST RATE TO 3.625% FROM THE INITIAL INDICATION OF 4%

Milan, 20 April 2018 – The Euro 250 million bond issued by the Piaggio Group on Wednesday 18 April was the European note that attracted the greatest interest among investors during the week.

According to a statistical analysis by Bloomberg, the Piaggio bond's best-selling status was due to its being almost 7 times oversubscribed (orders for approximately Euro 1.7 billion against an offer of Euro 250 million).

Thanks to the strong interest, the interest rate on the 7-year issue settled at 3.625% compared with the initial territory of 4%, a factor highlighted by the analysis.

The proceeds of the Notes will enable Piaggio to strengthen the Group's debt profile by reducing the average cost of funding and significantly extending average maturity.

The Notes received a BB- rating from S&P and a B1 rating from Moody's, in line with the Group ratings.

Banca IMI S.p.A., BNP Paribas and Merrill Lynch International acted as joint global coordinators and joint physical bookrunners on the placement, with Banca Akros S.p.A. – Gruppo Banco BPM, HSBC Bank plc, ING Bank N.V., Mediobanca – Banca di Credito Finanziario S.p.A. and UniCredit Bank AG acting as joint bookrunners.

For further information:

Piaggio Group Corporate Press Office Director Diego Rancati Via Broletto, 13 - 20121 Milan – Italy +39 02.319612.19/.16 diego.rancati@piaggio.com stefania.giorgioni@piaggio.com

Image Building Via Privata Maria Teresa, 11 - 20123 Milan - Italy +39 02 89011300 - piaggio@imagebuilding.it

Piaggio Group Investor Relations Viale Rinaldo Piaggio, 25 56025 Pontedera (PI) – Italy +39.0587.272286 investorrelations@piaggio.com piaggiogroup.com