UniCredit issues EUR 1 billion senior non-preferred notes

Reuters04-10 00:36
UniCredit issues EUR 1 billion senior non-preferred notes
  • UniCredit priced EUR 1 billion 6NC5 senior non-preferred notes for institutional investors.
  • Order book exceeded EUR 3.7 billion, tightening spread to 95 bps over 5-year mid-swaps from 125 bps.
  • Notes carry a 3.776% annual coupon, priced at par.
  • Issuer call set for April 2031, with coupon switching to 3-month Euribor plus 95 bps if not called.
  • UniCredit expects ratings of Baa2 from Moody’s, BBB from S&P, BBB+ from Fitch.


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