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Offer for the repurchase of subordinated notes

OFFER FOR THE REPURCHASE OF SUBORDINATED NOTES ISSUED BY UNICREDIT
FINAL RESULTS

 

UniCredit S.p.A. ("UniCredit" or the "Offeror") hereby announces, pursuant to the terms and conditions set forth in the tender offer memorandum dated 25 January 2016 (the "Tender Offer Memorandum"), in relation to the voluntary tender offer for the repurchase of ten series of subordinated notes issued by UniCredit (the "Tender Offer" and the "Existing Notes", respectively), as supplemented by the notice published by the Offeror on 16 February 2016 concerning the Interest Accrual of the Existing Notes with ISIN code IT0005067027, that the aggregate nominal amount of the Existing Notes validly tendered to the Offer and accepted for purchase by UniCredit is Euro 1,011,320,000, representing the 55.81% of the Existing Notes.

 

In relation to the MAC Condition to the Offer, the effectiveness of which is subject to the non-occurrence of such condition, as described in the Tender Offer Memorandum, UniCredit announces that, as of today, no adverse events have occurred, in the national and/or international context, which could constitute a "material adverse change" under the MAC Condition, and that the Offer shall take effect.

 

The settlement of the Consideration shall take place, in accordance with the provisions set forth in the Tender Offer Memorandum, today.

 

The table below shows the details of the Existing Notes validly tendered to the Offer and accepted for purchase by the Offeror for each series.

Name ISIN code Redemption Date Tendered nominal Value Tendered nominal value / Total amount outstanding
        (%)
UniCredit S.p.A. 2015-2022 seven years and two months floating rate amortising Subordinated Tier II Notes - series 01/15 IT0005070401 20 March 2022 158,860,000 67.19
UniCredit S.p.A. 2014-2022 seven years and two months floating rate amortising Subordinated Tier II Notes - series 10/14 IT0005067027 16 February 2022 162,000,000 66.39
UniCredit S.p.A. 2014-2021 seven years two months step-up fixed rate amortising Subordinated Lower Tier II Notes - series 01/14 IT0004982200 31 March 2021 46,695,000 38.05
UniCredit S.p.A. 2013-2020 seven years two months step-up fixed rate amortising Subordinated Lower Tier II Notes - III - series 12/13 IT0004941412 13 October 2020 48,701,000 37.11
UniCredit S.p.A. 2013-2020 seven years and two months fixed to floating rate amortising Subordinated Lower Tier II Notes - II - series 07/13 IT0004917917 15 July 2020 91,103,000 52.48
UniCredit S.p.A. 2013-2020 seven years and two months step-up fixed rate amortising Subordinated Lower Tier II Notes - II - series 08/13 IT0004907867 15 July 2020 56,243,000 34.94
UniCredit S.p.A. 2013-2020 seven years and two months step-up fixed rate amortising Subordinated Lower Tier II Notes- series 05/13 IT0004907850 30 June 2020 46,789,000 34.49
UniCredit S.p.A. 2013-2020 seven years and two months fixed to floating rate amortising Subordinated Lower Tier II Notes - series 04/13 IT0004907785 30 June 2020 55,042,000 53.35
UniCredit S.p.A. 31 December 2012- 28 February 2020 seven years and two months step-up fixed rate amortising Subordinated Lower Tier II Notes - series 31/12 IT0004883689 28 February 2020 26,999,000 36.74
UniCredit S.p.A. 2012-2019 seven years and one month fixed to floating rate amortising Subordinated Lower Tier II Notes - series 30/12 IT0004854870 5 December 2019 318,888,000 74.02
Updated on February 19, 2016.