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HVB, member of UniCredit Group, is securitizing eur 2,1 billion Euroloans

HVB, member of UniCredit Group, is securitizing EUR 2,1 billion Euroloans in a 5 year true sale transaction

Today, Bayerische Hypo- und Vereinsbank AG (HVB) has launched and priced its seventh Asset-Backed Securities transaction under the Geldilux-Programme (Geldilux-TS-2007 S.A.) using a true sale structure for the third time. The portfolio consists of Euroloans to medium-sized companies, small businesses, self-employed professionals and private customers denominated in EUR. Like in previous transactions the portfolio is showing extremely low historic losses. The average loan size is approx. EUR 1 million.

UniCredit Market & Investment Banking acted as sole book runner together with Fortis Bank as joint lead. About 70 investors broadly spread over Europe participated in the transaction (UK/Ireland 38%, Germany 22%, Italy and Benelux 20%, France 7%). Given the strong investor appetite Class A priced at 10 bps representing the low end of the expected price range. Also the lower rated Classes B - D met high investor demand being multiple times oversubscribed.

Using the well established Geldilux-Programme, UniCredit Group is proactively using the capital markets to manage its credit risk and capital position. The transaction is providing both funding and RWA relief to the Group


Enquiries:

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