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UniCredit issues a 3 year senior bond benchmark

UniCredit has today launched a new 3 year benchmark for a total of Euro 1 billion, setting a new reference point on the UniCredit bond curve.

The deal has met very strong interest from investors, bringing the final orderbook above Euro 2 billion with more than 250 orders received.

Investors participation has been well diversified both in terms of geography and investor type. The bond- managed by UniCredit Corporate & Investment Banking together with ING, JP Morgan and UBS - was in facts distributed to different institutional investors' categories such as funds (71%), banks (22%) and insurance companies (6%). The demand was coming from Italy (34%), France (28%), UK/Ireland (14%) and Germany/Austria (8%).


The issue will pay a coupon equal to 4.375%, equivalent to 390 basis points over the swap rate with the same maturity and an issue price set at 99.662%. The strong investor feedback has allowed to tighten in the issue spread versus the initial pricing guidance set at 400/410.


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


Milan, 4th September 2012


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