UniCredit - UniCredit first European bank to issue callable Senior Preferred benchmark

KOMISJA NADZORU FINANSOWEGO

Raport bieżący nr 39 / 2019

Data sporządzenia: 2019-06-18

Skrócona nazwa emitenta

UniCredit

Temat

UniCredit first European bank to issue callable Senior Preferred benchmark

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Inne uregulowania

Treść raportu:

PRESS RELEASE UniCredit first European bank to issue callable Senior Preferred benchmark EUR 1.25bn Senior Preferred 6NC5 Fixed to Floating Rate oversubscribed by 300 institutional investors with an order-book of EUR 4.3 billion UniCredit has launched today a Senior Preferred benchmark with 6 year maturity and callable after 5 years. The amount issued is equal to EUR 1.25 billion and represents the first callable Senior Preferred issued by a European bank. The transaction has encountered an exceptionally positive market response, with an order-book of EUR 4.3 billion from 300 institutional investors. As a consequence, the price guidance set initially at Mid Swap + 185/190 bps was tightened to the 165 bps area, with a final spread of 155 bps. The tightening of 30/35 bps from initial price guidance confirms UniCredit’s appreciation by the fixed income investors base in different issuing formats. The bond pays a fixed coupon of 1.25% during the first 5 years, and has an issue price of 99.663%, equivalent to a spread of 155 bps over the 5 year swap rate. The bond will have a 1 time issuer call at year 5, in order to maximise regulatory efficiency. Should the issuer not call the bonds after 5 years, the coupon for the subsequent period until maturity will reset to a floating rate equal to the 3-month Euribor plus the initial spread of 155 bps. The bond was distributed to different institutional investors' categories such as funds (77%), banks/private banks (14%), insurance companies (4%) and official institutions (4%). The demand came from the following main regions: France (24%), UK (24%), Germany/Austria (11%) and Italy (10%). UniCredit Bank AG acted as Sole Book Runner and Lead Manager. ABN Amro, Barclays, BBVA, Commerzbank and Natixis acted as Joint Lead Managers (no books). The bond, documented under the issuer's Euro Medium Term Notes Program, will rank pari passu with the outstanding Senior Preferred debt of the issuer. The expected ratings are as follows: Baa1 (Moody's) / BBB (S&P) / BBB (Fitch). Listing will be on the Luxembourg Stock Exchange. Milan, 18 June, 2019 Contacts: Media Relations Tel. [phone]; e-mail: [email protected] Investor Relations Tel. + 39 02 88621028; e-mail: [email protected]

Załączniki

Plik Opis

20190618_SP6NC5_pr_eng_ita.pdf Press release

MESSAGE (ENGLISH VERSION)

UniCredit S.p.A.

(pełna nazwa emitenta)

UniCredit Banki (ban)

(skrócona nazwa emitenta) (sektor wg. klasyfikacji GPW w W-wie)

00187 Rzym

(kod pocztowy) (miejscowość)

Specchi 16

(ulica) (numer)

(telefon) (fax)

(e-mail) (www)

00348170101 N/A

(NIP) (REGON)

PODPISY OSÓB REPREZENTUJĄCYCH SPÓŁKĘ

Data Imię i Nazwisko Stanowisko/Funkcja Podpis

2019-06-18 Lorenzo Berneri UniCredit Media Relations