UNICREDIT S.P.A. (51/2019) UniCredit issues a 5.5 Year Senior Preferred Fixed Rate for an amount of EUR 1 billion

Podstawa prawna: Inne uregulowania

UniCredit has launched today a Senior Preferred benchmark with a "long" 5 year maturity, taking advantage of current positive market conditions. The amount issued is equal to EUR 1 billion.

The transaction has encountered a positive market response, with an order-book of more than EUR 2 billion from ca 160 institutional investors.

Consequently, the guidance initially indicated in the 110 bps area over mid-swap of equivalent maturity was firstly reviewed to 95-100 bps and set finally at 90bps.

In particular, the bond pays a fixed coupon of 0.50%, and has an issue price of 99.919%.

The bond was distributed to different institutional investors' categories such as funds (59%), banks (33%), insurance companies (4%) and official institutions (4%). The demand came from the following main regions: France (24%), Germany/Austria/Swiss (22%), Italy (19%) and the UK (14%).

UniCredit Bank AG acted as Sole Book Runner and Lead Manager. CA-CIB, Credit Suisse, ING, JPM and Santander acted as Joint Lead Managers (no books).

The bond, documented under the issuer's Euro Medium Term Notes Program, completes the Funding Plan for the current year, and will rank pari passu with the outstanding Senior Preferred debt of the issuer. The expected ratings are as follows: Baa1 (Moody's) / BBB (S&P) / BBB (Fitch).

Listing will be on the Luxembourg Stock Exchange.

Milan, 02 October, 2019

Contacts:

Media Relations Tel. +39 02 88623569; e-mail: MediaRelations@unicredit.eu

Investor Relations Tel. + 39 02 88621028; e-mail: InvestorRelations@unicredit.eu

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