UNICREDIT SPA (80/2022) UniCredit successfully issues Senior Non-Preferred Green Notes for EUR 1 billion

Podstawa prawna: Inne uregulowania

Today, UniCredit S.p.A. (issuer rating Baa1/BBB/BBB) has successfully issued a fix-to-floater Senior Non-Preferred Green Bond for EUR 1 billion with a 5-year maturity and a call after year 4, targeted to institutional investors.

The bond has been distributed to different institutional investor categories such as funds and insurances (75%), banks and private banks (13%), hedge funds (6%), official institutions (6%). Overall, 78% of the bonds were placed with investors with an ESG/SRI/Green focus. The demand came from the following main regions: France (27%), UK (17%), Germany/Austria (15%), Italy (14%), Nordics (12%), Iberia (7%), Swiss (3%) and other (5%).

The issuance follows a book building process that gathered strong demand of more than EUR 2.6 billion from more than 200 investors globally. Thanks to this, the initial guidance of 315bps over the 4-year midswap rate has been revised downwards and set at 285bps, resulting in a fixed coupon of 5.85% paid annually, with an issue/re-offer price of 99.948%.

The Senior Non-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 of ESG considerations for the Group.

The issuance is part of the 2022 Funding Plan and confirms once again UniCredit's ability to access the market in different formats.

UniCredit Bank AG acted as Global Coordinator and as Joint Bookrunner together with Barclays, BNP Paribas, HSBC, Morgan Stanley, Santander and UBS.

The bonds, documented under the issuer's Euro Medium Term Notes Program, will rank pari passu with the outstanding Senior Non-Preferred debt of the issuer. The expected ratings are as follows: Baa3 (Moody's)/ BBB- (S_P)/ BBB- (Fitch).

Listing will be on the Luxembourg Stock Exchange.

Milan, 08 November 2022

Contacts:

Media Relations e-mail: MediaRelations@unicredit.eu

Investor Relations e-mail: InvestorRelations@unicredit.eu

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