Italy: Tax impacts following the change of issuer for Finmeccanica €4,000,000,000 Euro Medium Term Note Programme
Reference
Clearstream Banking1 informs customers that the following events become subject to Italian tax due to the change of issuer from Finmeccanica Finance S.A. to Finmeccanica S.p.A.:
| Description | Series | ISIN code | Effective date |
| €500,000,000 5.75% Notes due 12 December 2018 | 2 | XS0182242247 | 12 December 2014 |
| £400,000,000 8.00% Notes due 16 December 2019 | 4 | XS0423814119 | 16 December 2014 |
| €600,000,000 5.25% Notes due 21 January 2022 | 5 | XS0458887030 | 21 January 2015 |
| €600,000,000 4.375% Notes due 5 December 2017 | 6 | XS0861828407 | 5 December 2014 |
| €950,000,000 4.50% Notes due 19 January 2021 | 7 | XS0999654873 | 19 January 2015 |
Impact on customers
As of the effective dates mentioned above, these securities become subject to DL 239/1996 and tax will be calculated on accrued interest and issue discount based on pro rata temporis.
Tax exemption is available based on the eligibility criteria and tax procedure explained in our Market Taxation Guide Italy available on Clearstream Banking website.
Customers holding the above securities and wanting to benefit from tax exemption on behalf of eligible beneficial owners must ensure the transfer of these securities to accounts already segregated and certified for Italian bonds or, if they do not have such accounts, to certify the existing ones.
Further information
For further information, customers may contact the Clearstream Banking Tax Help Desk.
___________________________
1. Clearstream Banking refers collectively to Clearstream Banking AG, registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500, and Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248.