In April 2005 Piaggio Finance S.A., a Luxembourg company wholly owned by Piaggio & C. S.p.A., issued a high yield bond guaranteed by the stockholder and Aprilia S.p.A. called "Piaggio Finance S.A. € 150 million 10% senior notes due 2012" listed on the Irish Stock Exchange (ISIN XS0217593176). The placement was arranged by Caboto, Deutsche Bank and Lehman Brothers and addressed institutional investors exclusively.
In September 2009 the rating agencies Standard & Poor's and Moody's rated the issue BB and BA2 respectively, both with negative outlook, aligned to the corporate credit rating.
Pursuant to the terms and conditions set forth in the Indenture, Piaggio Finance exercised the option to fully prepay the outstanding notes in two tranches of equal amount, on October 16th 2009 and December 29th 2009 respectively.
In December 2009 Piaggio & C. S.p.A., the Italian holding company of Piaggio Group, issued a high yield bond called "Piaggio & C. S.p.A. € 150 million 7% senior notes due 2016" whose placement was arranged by Banca IMI and JP Morgan and addressed institutional investors exclusively.
The notes are listed on the Luxembourg Stock Exchange and identified under the ISIN XS0471943637. Standard & Poor's and Moody's rated the bond issue BB and BA2 respectively, both with negative outlook, aligned to the corporate credit rating.

WARNING
This section of the site has been created to provide information regarding the issue of bonds by the Piaggio Group.
The offering memoranda, issuer’s prospectus, indentures, terms and conditions and other materials relating to the Group’s debt instruments have been published in accordance with the legislation in force at the time. In particular the financial reporting prepared according to the indentures are published on our web site under the section “Company documentation”.
None of the financial instruments described in the prospectus are being offered or sold by companies in the Group.