PRESS RELEASE
MCC, SUCCESSFULLY COMPLETES “SOCIAL” BOND ISSUANCE OF 500 MILLION EURO,
5.5 YEARS FIXED RATE 3.75%
The transaction, fully aligned with Mediocredito Centrale's mission, attracted demand exceeding twice the amount offered, underscoring the strong confidence of both domestic and international institutional investors in the Group's credit profile and strate gic direction.
Rome, 9 July 2026 – Mediocredito Centrale - Banca del Mezzogiorno SpA (MCC), controlled by the Ministry of Economy and Finance (MEF) through Invitalia, announces that it has successfully completed the issuance of a “Social” bond – unsecured senior preferred – for a total amount of € 500 million (no -grow), with a fixed annua l coupon of 3.75% (re -offer yield 3.816%) and maturing on 16 January 2032 (interpolated reference BTP 3.15% 06/01/2031 and BTP 3.25% 07/15/2032 + 50 bps).
The issuance is executed under the Bank’s € 2 billion EMTN (Euro Medium Term Note) Programme, whose base prospectus was approved on 20 March 2026 (as supplemented on 8 July 2026). The new placement, aimed at institutional investors, recorded overall orders of approximately € 1.2 billion. Settlement of the notes is expected to take place on 16 July 2026. From that date, the bond is expected to be admitted to trading on the regulated market of the Luxembourg Stock Exchange.
The rating of the bonds is expected to be in line with that assigned by the S&P and DBRS agencies to the bank, respectively equal to BBB (Stable) and BBB (high) (Stable).
The “Social” bond will be issued under the update of MCC’s Social Financing Framework dated March 2026, aligned with the guidelines of the International Capital Market Association (ICMA Social Bond Principles 2025) and the APLMA, LMA and LSTA Social Loan P rinciples 2025, aimed at supporting the United Nations Sustainable Development Goals (UN SDGs - Agenda 2030). The Framework update was structured with the support of Intesa Sanpaolo – IMI CIB Division, acting as Sole Sustainability Coordinator , and has received a Second Party Opinion from the independent reviewer ISS -Corporate Solutions.
The proceeds of the Bank’s issuance will be used to finance and/or refinance, in whole or in part, Eligible Social Assets, i.e. loans allocated to businesses contributing to economic development with social impact, as defined under the Framework.
Joint Bookrunners are Banca Akros, BNP P ARIBAS , Intesa Sanpaolo (Divisione IMI CIB) , Morgan Stanley, UniCredit. The Paying Agent is Mediocredito Centrale – Banca Del Mezzogiorno S.p.A.
Regarding legal aspects, Mediocredito Centrale was assisted by the law firm Legance Avvocati Associati, and the Joint Bookrunners by the law firm Clifford Chance Società tra Avvocati S.r.l.
This release is not intended for publication, distribution or transmission, directly or indirectly, in or into the United Sta tes of America (including its territories and possessions, any state of the United States and the District of Columbia), Canada, So uth Africa, Australia or Japan or any other jurisdiction where the publication of this release is prohibited. The distribution of this release may be prohibited by law i n certain jurisdictions and persons in possession of this document or other information referred to herein should inform themselves about and comply with such restrictions.
Failure to comply with these restrictions may constitute a violation of securities laws applicable in certain jurisdictions.
The securities referred to herein are not and will not be registered under the United States Securities Act of 1933, as amend ed and supplemented, and may not be offered or sold in the United States without registration or under an applicable exemption. Nei ther this document nor the information contained herein constitutes or forms part of an offer to sell, or a solicitation of an offer to buy, any securities in the U nited States. There will be no public offering of securities in the United States or any oth er jurisdiction.
This release is for informational purposes only and is not intended to constitute, and does not constitute, an offer or a sol icitation of an offer to exchange, sell or a solicitation of an offer to subscribe for or buy, or a solicitation of an offer to exc hange, buy or subscribe for, any securities referred to herein, or a recommendation to enter into any contract or to make any commitment or investment and/or divestment decision with respect to any securities referred to herein, nor will it involve any sal e, issuance or transfer of securities in any jurisdiction in violation of applicable law.
For further information:
Finance and Financial Communication Alessandra Festini, alessandra.festini@mcc.it Elisabetta Mazzenga, elisabetta.mazzenga@mcc.it Media Relations – Gruppo Mediocredito Centrale
e-mail: ufficiostampagruppo@mcc.it
Tel. +39 06 47912769 Giulia Palocci, giulia.palocci@mcc.it | +39 340 84 36 158