UniCredit - UniCredit successfully issues its first callable Senior Non-Preferred

KOMISJA NADZORU FINANSOWEGO

Raport bieżący nr 40 / 2019

Data sporządzenia: 2019-06-26

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UniCredit

Temat

UniCredit successfully issues its first callable Senior Non-Preferred

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Treść raportu:

PRESS RELEASE UniCredit successfully issues its first callable Senior Non-Preferred EUR 750 million Senior Non-Preferred 6NC5 oversubscribed with an order-book of EUR 2.2 billion UniCredit has launched today its first callable Senior Non-Preferred, raising a total of EUR 750mn. Targeted at institutional investors, it has a 6 year maturity, callable after 5 years. This transaction completes UniCredit’s TLAC subordinated funding plan for the year 2019. The transaction encountered a very positive market response, with an order-book of EUR 2.2 billion from more than 160 institutional investors. As a consequence, the initial price guidance of mid swaps + 215 bps area was tightened towards 200 bps, with the final spread set at 190 bps. The 25 bps tightening from initial price guidance confirms once again UniCredit’s standing among fixed income investors across all TLAC/MREL instruments. The bond pays a fixed coupon of 1.625% during the first 5 years and has an issue price of 99.719%, equivalent to a spread of 190 bps over the 5 year swap rate. The bond will have a one time issuer call at year 5, in order to maximise regulatory efficiency. Should the issuer not call the bonds after 5 years, the coupons for the subsequent periods until maturity will reset to a floating rate equal to 3-month Euribor plus the initial spread of 190 bps. The bond was placed across various institutional investor categories, comprising funds (76%), banks/private banks (12%), insurance companies (7%) and Official Institutions (4%). The demand came from the following main regions: France (44%), UK (17%), Germany/Austria (11%) and Italy (10%). UniCredit S.p.A. had mandated Deutsche Bank, Morgan Stanley, Santander, SG CIB and UniCredit Bank AG to manage the placement acting as Joint Bookrunners. The bond will be documented under the Euro Medium Term Notes Programme and, in light of the senior non-preferred status, will have the following expected ratings: Baa3 (Moody's) / BBB- (S&P) / BBB (Fitch). The minimum denomination of the bond issue is EUR250,000 and EUR1,000 thereafter. Listing will be on the Luxembourg Stock Exchange. Milan, 26 June, 2019 Contacts: Media Relations Tel. [phone]; e-mail: [email protected] Investor Relations Tel. + 39 02 88621028; e-mail: [email protected]

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20190626_SNP 6NC5_pr_eng_ita.pdf Press release

MESSAGE (ENGLISH VERSION)

UniCredit S.p.A.

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UniCredit Banki (ban)

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00187 Rzym

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Specchi 16

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PODPISY OSÓB REPREZENTUJĄCYCH SPÓŁKĘ

Data Imię i Nazwisko Stanowisko/Funkcja Podpis

2019-06-26 Lorenzo Berneri UniCredit Media Relations