RB-W 2:UniCredit successfully issues dual tranche Senior Non-Preferred Notes for a total amount of EUR 2 billion
Firma: UniCredit S.p.A.Spis treści:
1. RAPORT BIEŻĄCY
2. MESSAGE (ENGLISH VERSION)
3. INFORMACJE O PODMIOCIE
4. PODPISY OSÓB REPREZENTUJĄCYCH SPÓŁKĘ
Spis załączników:
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| Raport bieżący nr | 2 | / | 2020 | |||||||
| Data sporządzenia: | 2020-01-13 | ||||||||||
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| UniCredit successfully issues dual tranche Senior Non-Preferred Notes for a total amount of EUR 2 billion | |||||||||||
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| PRESS RELEASE UniCredit successfully issues dual tranche Senior Non-Preferred Notes for a total amount of EUR 2 billion Today, UniCredit [issuer rating Baa1/BBB/BBB] launched EUR 1.25 billion Senior Non-Preferred with 6 year maturity, callable after 5 years, and EUR 750 million Senior Non-Preferred with 10 years maturity. The combined amount represents the largest EUR institutional unsecured issuance ever done by UniCredit. The amount issued is part of the 2020 Funding Plan presented at the Capital Market Day last December 3rd and will be computed in UniCredit's TLAC requirement. This further confirms UniCredit’s ability to access the market in different formats. The two tranches were set with the following terms: - for the 6NC5 bonds, a fixed coupon of 1.20% paid annually, with an issue/re-offer price of 99.899%, equivalent to a spread of 135 bps over the 5 year swap rate. The bond will have a one time issuer call at year 5, in order to maximize 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 135 bps. - for the 10 years bonds, a fixed coupon of 1.80%, paid annually, with an issue/re-offer price of 99.62%, equivalent to a spread of 165 bps over the 10 year swap rate. The transaction has encountered a strong demand from approx. 350 institutional investors and more than 4 billion of combined orders. The final allocation of the 6 years bond, callable after 5 years, has been mainly in favor of funds [61%] and banks [31%], with the following geographical distribution: France [26%], UK [18%], Germany/Austria [15%], Italy [12%] and Iberia [11%]. In relation to the 10 years bond, the final allocation has seen mainly funds [65%] and banks [21%], with the following geographical distribution: Italy [27%], Germany/Austria [27%], France [17%] and UK [13%]. Given the strong market feedback and the sizeable order book, the guidance initially set in the 155 bps area for the 6NC5 bond and in the 185 bps area over mid-swap for the 10 years, was firstly reviewed and then finally set respectively at 135 bps and 165 bps. BofA Securities, Commerzbank, HSBC, ING, JP Morgan, Société Générale and UniCredit Bank AG have managed the placement acting as joint bookrunners. The bonds 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: Baa2 [Moody's] / BBB- [S&P] / BBB [Fitch]. The minimum denomination of the bonds is EUR 250,000 and EUR 1,000 thereafter. Listing will be on the Luxembourg Stock Exchange. Milan, 13 January 2020 Contacts: Media Relations Tel. +39 02 88623569; e-mail: MediaRelations@unicredit.eu Investor Relations Tel. + 39 02 88621028; e-mail: InvestorRelations@unicredit.eu | |||||||||||
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| Plik | Opis | ||||||||||
| 20200113 PR Dual Tranche 6NC 10Y SNP Pr_eng_ita.pdf 20200113 PR Dual Tranche 6NC 10Y SNP Pr_eng_ita.pdf | Press Release | ||||||||||
| MESSAGE (ENGLISH VERSION) | |||
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| PODPISY OSÓB REPREZENTUJĄCYCH SPÓŁKĘ | |||||
| Data | Imię i Nazwisko | Stanowisko/Funkcja | Podpis | ||
| 2020-01-13 | Lorenzo Berneri | UniCredit Media Relations | |||
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