UNICREDIT HELPS ITALIAN TREASURY WITH RECORD ISSUE OF NEW BTP ITALIA BOND

Clients

Friday 22 May 2020

22 May 2020

With support from UniCredit as one of the bookrunners, the Italian Treasury has raised over €22 billion from its new inflation-linked bond. The bank’s unique client network and first-class distribution capabilities helped to attract record interest across all tranches

2:00 min

The last three days have been crucial for Italy. On 18th May, the Ministry of Economy and Finance launched the latest issue of BTP Italia – a government bond linked to the domestic inflation rate. The transaction closed yesterday having raised a record amount.

 

This issuance was particularly important as the proceeds will be used to offset the negative impact of the Covid-19 pandemic and to fund initiatives that will support families and businesses across Italy and restart the country’s economic recovery.

 

UniCredit played a key role as bookrunners in the successful issuance, which raised over €22 billion for Italy. UniCredit distributed 43 per cent of the retail tranche through our digital channels, almost doubling the digital issuance of BTP Italia in 2019, showing the acceleration of the banks’ digitalisation is driving efficiency for both the Bank and its clients.

 

The placement also demonstrates UniCredit’s role as a key financing partner to the Italian economy.

 

Olivier Khayat, Co-CEO Commercial Banking Western Europe commented: “We are proud of our strong contribution to the successful placement of the BTP Italia. This was a significant issuance in a challenging environment, but it shows UniCredit is firmly committed to supporting our clients and communities in Italy and elsewhere.”

 

He also added words of gratitude for the efforts made by the whole team to achieve this result: ““Thanks to our great network, the quality and commitment of our people and our ability to cooperate and generate synergies across all business lines – CIB, Retail Banking, Private Banking and Wealth Management – we have again showed we always act as One Bank, One UniCredit.”

 

UniCredit continues to be recognised as a leading EMEA European debt finance house, consistently ranking as a top three bookrunner in loans and bonds in its core markets. Based on 1Q20 figures, the bank was ranked #3 Bookrunner for Combined EMEA Bonds and Loans in Europe.

"This was a significant issuance in a challenging environment, but it shows UniCredit is firmly committed to supporting our clients and communities in Italy and elsewhere" Olivier Khayat, Co-CEO Commercial Banking Western Europe