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Unicredit makes multi-tranche issue in the US market

UniCredit today launched an inaugural multi-tranche deal under its newly signed US$ 10 billion MTN Program. In the transaction, UniCredit Luxembourg Finance S.A. will issue the following three different tranches of notes guaranteed by UniCredito Italiano S.p.A.:
- 3 bln USD 2 year senior Floating Rate Notes priced at USD Libor + 5 bps;
-  600 mln USD subordinated Lower Tier 2 Fixed Rate Notes priced at +85 bps over US treasuries. Final maturity is 10 years with an issuer call after year 5;
-  600 mln USD subordinated Lower Tier 2 Floating Rate Notes priced at 34 bps over USD Libor. Final maturity is 10 years with an issuer call after year 5.
The deal marks an important milestone for UniCredito representing the debut transaction in the US market under its new US$ 10 billion MTN Program. This offering furthers UniCredit's funding strategy, which is directed at establishing a US credit curve and further broadening its investor diversification. 
The notes have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

Milan, October 17, 2006

Enquiries:

Media Relations:
+39 02 88628236; e-mail: mediarelations@unicreditgroup.eu
Investor Relations:
+39 02 88628715; e-mail: InvestorRelations@unicreditgroup.eu