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The redemption of the two debts was already prefinanced, thanks to the successful issuance of:
- A perpetual subordinated notes on the Euro market in the amount of EUR 250 million on 1 October 2014. The coupon was set to 3.875% (until 1 October 2025), resetting every 11 years at the prevailing 11-year EUR mid-swap rate + 3.70%;
- A dated subordinated notes on the Euro market in the amount of EUR 600 million on 7 December 2015. The coupon was set to 3.0% (until 8 June 2026 first call date), resetting every 10 years at the prevailing 10-year EUR mid-swap rate + 3.25%
