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.

UniCredit issues 3 years bond senior for EUR 1 billion

UniCredit (rated Baa2/BBB/BBB+) has today issued a new senior benchmark with a maturity of 3 years and a size of Euro 1 billion. Following a book building process the coupon has been set at 2.25% with an issue/re-offer price of 99.997%, resulting in a yield to maturity equal to 158 basis points over the 3 year swap rate, down from the initial pricing guidance at 165/170 bps.


UniCredit Bank AG, BNP Paribas, Credit Suisse and DZ Bank have managed the placement acting as joint bookrunners.


The transaction has experienced a strong interest involving almost 200 institutional investors with total orders of more than Euro 2 billion. The bond was distributed to different institutional investors' categories such as funds (75%), banks (19%) and insurance companies (4%). The demand was driven by a wide geographical diversification, with France (22%) and UK/Ireland (22%) being the major contributors, together with Germany/Austria (15%), Italy (13%) and Nordics (8%).


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.