Skip to:
  1. Home
  2. Press & Media
  3. Press Releases - Price sensitive
  4. UniCredit issues Euro billion senior benchmark 2020
Share this event on:
  • LinkedIn

Recomend this page

Thank you, we sent your recommendation to the desired recipient.

Sorry, this functionality is not available right now.
Please try with this link. Thank you.


Recipient (e-mail address):

UniCredit issues Euro billion senior benchmark 2020

UniCredit (rated Baa2/BBB-/BBB+) has today issued a new senior benchmark floater with a maturity of 5 years and 1 month and a size of Euro 1 billion.


Coupon has been set at 100 bps over 3 month Euribor with an issue/re-offer price of 99.75%.


The initial spread guidance was set at 110 bps area, then, given the very positive market feedback, it has been revised achieving a final issue spread equal to 105 bps.


UniCredit Bank AG, JP Morgan, Mediobanca, Nomura and UBS have managed the placement acting as joint bookrunners.


The transaction involved more than 140 institutional investors with total orders of approx Euro 1.5 billion. The allocation by investor types/regions: funds (54%), banks (34%) and insurance companies (10%); Italy (30%), France (23%), Spain/Portugal (19%), UK/Ireland (13%) and Germany/Austria (9%).


The bonds form part of the UniCredit's outstanding benchmark curve and are documented under the Euro Medium Term Notes Program. Listing will be on the  Luxembourg Stock Exchange.




Milan, 12 January 2015