UCG UniCredit successfully issues EUR 1 billion 4nc3Y Floating Rate Senior Preferred Bond

Today, UniCredit S.p.A. (issuer rating Baa1/BBB/BBB+) has successfully issued a EUR 1 billion floating rate Senior Preferred Bond with 4 years maturity, callable after 3 years, targeted to institutional investors.
The book building process gathered demand of more than EUR 2.3 billion from over 135 institutional investors globally. The initial guidance of 100bps over 3-months Euribor has been consequently revised downwards and finally set at 70bps, with the issue/re-offer price set at 100%. The final allocation has been mainly in favor of funds (63%) and banks/private banks (34%), with the following geographical distribution: Germany/Austria (38%), France (17%), Iberia (13%) and Italy (10%). The transaction allows UniCredit to pre-fund next year’s MREL Funding Plan, confirming once more fixed income investors’ appreciation and its broad market access in different formats. UniCredit Bank GmbH acted as Global Coordinator, Sole Book Runner and Lead Manager. BNP Paribas, Erste Group, Mediobanca, Raiffeisen Bank International, TD Securities 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, 13 November 2024 Contacts: Media Relations e-mail: MediaRelations@unicredit.eu Investor Relations e-mail: InvestorRelations@unicredit.eu