UNICREDIT S.P.A.
Today,
The amount issued is part of the 2021 Funding Plan and confirms once again
The two tranches were set with the following terms:
- for the 5 years bond, a fixed coupon of 0.325% paid annually, with an issue/re-offer price of 99.891%, equivalent to a spread of 77 bps over the 5 year swap rate.
- for the 10 years bonds, a fixed coupon of 0.85%, paid annually, with an issue/re-offer price of 99.885%, equivalent to a spread of 105 bps over the 10 year swap rate.
The transaction has encountered a strong demand in excess of 3bn with more than 250 combined orders from institutional investors.
The final allocation of the 5 years bond has been mainly in favor of funds (61%), banks (36%) and insurance (2%), with the following geographical distribution:
In relation to the 10 years bond, the final allocation has seen mainly funds (62%), banks (33%) and insurance (5%), with the following geographical distribution:
Given the strong market feedback and the sizeable order book, the guidance initially set in the 95 bps area for the 5 years bond and in the 125 bps area over mid-swap for the 10 years, was firstly reviewed and then finally set respectively at 77 bps and 105 bps.
The bonds, 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
Contacts:
Media Relations
e-mail: MediaRelations@unicredit.eu
Investor Relations
e-mail: InvestorRelations@unicredit.eu
.
(C) 2021 M2 COMMUNICATIONS, source
