Spis treści:
1. RAPORT BIEŻĄCY
2. MESSAGE (ENGLISH VERSION)
3. INFORMACJE O PODMIOCIE
4. PODPISY OSÓB REPREZENTUJĄCYCH SPÓŁKĘ

Spis załączników:
  1. PR Dual Tranche 4NC3Y - 10Y SNP_eng_ita_04062024.pdfPress Release

KOMISJA NADZORU FINANSOWEGO

Raport bieżący nr 58 / 2024
Data sporządzenia: 2024-06-04
Skrócona nazwa emitenta
UniCredit
Temat
UniCredit successfully issues dual tranche Senior Non-Preferred bonds for a total amount of EUR 2 billion
Podstawa prawna
Inne uregulowania
Treść raportu:
Today, UniCredit S.p.A. (issuer rating Baa1/BBB/BBB) successfully issued dual tranche Senior Non-Preferred bonds: EUR 1 billion with 4 years maturity, callable after 3 years, and EUR 1 billion with 10 years maturity, targeted to institutional investors. The amount issued completes the institutional senior component of the 2024 funding plan, confirming once more UniCredit’s fixed income investors appreciation and its broad market access in different formats.

The issuance follows a book building process that gathered combined demand for approximately EUR 5 billion, with more than 300 orders from institutional investors.

Given the strong market feedback, terms of the two tranches were set as follows:

- for the 4NC3 years bond, the initial guidance of 120bps over the 3-year mid swap rate has been revised downwards and set at 85bps, resulting in a fixed coupon of 3.875% paid annually, with an issue/re-offer price of 99.822%. The bond will have a one-time issuer call at year 3. Should the issuer not call the bonds after 3 years, the coupons for the subsequent periods until maturity will reset to a floating rate equal to 3-months Euribor plus the initial spread of 85bps;

- for the 10 years bond, the initial guidance of 180bps over the 10-year mid swap rate has been revised downwards and set at 145bps, resulting in a fixed coupon of 4.20% paid annually, with an issue/re-offer price of 99.904%.

The final allocation of the 4NC3 bond has been mainly in favor of funds (71%) and banks (18%), with the following geographical distribution: France (22%), Italy (19%), UK (18%), BeNeLux (12%) and Germany/Austria (11%).

In relation to the 10Y bond, the final allocation has been mainly in favor of funds (64%) and pension funds/insurances (15%), with the following geographical distribution: UK (34%), France (28%), Germany/Austria (13%), Iberia (10%) and Italy (8%).

UniCredit Bank GmbH acted as Global Coordinator and as Joint Bookrunner together with BBVA, Citi, Deutsche Bank, HSBC, ING, Intesa, JPM and SocGen.

The bonds, documented under the issuer’s Euro Medium Term Notes Program, will rank pari passu with the outstanding Non-Preferred Senior debt. The expected ratings are as follows: Baa3 (Moody’s)/ BBB- (S&P)/ BBB- (Fitch).

Listing will be on the Luxembourg Stock Exchange.

Milan, 4 June 2024

Contacts:
Media Relations e-mail: [email protected]
Investor Relations Tel. + 39 02 88621028; e-mail: [email protected]
Załączniki
Plik Opis
PR Dual Tranche 4NC3Y - 10Y SNP_eng_ita_04062024.pdf
PR Dual Tranche 4NC3Y - 10Y SNP_eng_ita_04062024.pdf		 Press Release

MESSAGE (ENGLISH VERSION)

INFORMACJE O PODMIOCIE>>>

PODPISY OSÓB REPREZENTUJĄCYCH SPÓŁKĘ
Data Imię i Nazwisko Stanowisko/Funkcja Podpis
2024-06-04 Daniela Arienti Group Media Relations
20240604_211522_1014155015_PR_Dual_Tranche_4NC3Y_-_10Y_SNP_eng_ita_04062024.pdf

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