UNICREDIT SPA (66/2023) UniCredit successfully issues Green Senior Preferred Bond for EUR 750 million

Podstawa prawna: Inne uregulowania

Today, UniCredit S.p.A. (issuer rating Baa1/BBB/BBB) has successfully issued a fix-to-floater Senior Preferred Green Bond for EUR 750 million with 6.25 years maturity and a call after 5.25 years, targeted to institutional investors.

The issuance follows a book building process that gathered strong demand of more than EUR 2 billion from more than 150 institutional investors globally. The initial guidance of 180bps over the mid swap rate has been consequently revised downwards and set at 150bps, resulting in a fixed coupon of 4.60% paid annually, with an issue/re-offer price of 99.887%.

The final allocation has been mainly in favor of funds 68%, banks _ private banks 25%, and insurances 6%. Overall, 79% of the bonds were placed with investors with an ESG/SRI/Green focus. The demand came from the following main regions: France 29%, Italy 29%, UK 12%, Germany/Austria 10%, Iberia 10%, Switzerland 6%, and BeNeLux 3%.

The Senior Preferred Green Bond issuance took place under UniCredit's Sustainability Bond Framework (the "Framework") published in 2021 and aligned with the Green and Social Bond Principles and the Sustainability Bond Guidelines of the International Capital Market Association. Annual reporting will ensure the transparent allocation and tracking of proceeds also in terms of impact achieved.

Proceeds are earmarked to fund eligible projects in renewable energy, clean transportation, and green buildings as outlined in our Framework. The green bond aims to support the United Nations Sustainable Development Goals (UN SDGs) number 7 (Affordable _ Clean Energy), number 9 (Industry, Innovation _ Infrastructure) and number 11 (Sustainable Cities _ Communities).

This issuance further underlines UniCredit's strong commitment to sustainability and the strategic importance the Group assigns to ESG considerations.

With this issuance, the institutional Funding Plan for 2023 is completed confirming once again UniCredit's ability to access the market in different formats.

UniCredit Bank AG acted as Sole Book Runner and Lead Manager. Barclays, BNP Paribas, BofA Securities, IMI-Intesa Sanpaolo, ING, Santander and UBS acted as Joint Lead Managers.

The bond, documented under the issuer's Euro Medium Term Notes Program, will rank pari passu with the outstanding Senior Preferred debt. The expected ratings are as follows: Baa1 (Moody's)/ BBB (S_P)/ BBB (Fitch).

Listing will be on the Luxembourg Stock Exchange.

Milan, 7 November 2023

Contacts:

Media Relations e-mail: MediaRelations@unicredit.eu

Investor Relations e-mail: InvestorRelations@unicredit.eu

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