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Unicredit Issues EUR 1.25 Bln Fixed Rate Senior Preferred Bond With 10 Years Maturity



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Feb 27 (Reuters) -UniCredit SpA CRDI.MI:

  • ISSUES FIXED RATE SENIOR PREFERRED BOND FOR EUR 1.25 BILLION WITH 10 YEARS MATURITY, TARGETED TO INSTITUTIONAL INVESTORS

  • BOOK BUILDING PROCESS GATHERED VERY STRONG DEMAND OF MORE THAN EUR 4.35 BILLION

  • INITIAL GUIDANCE OF 170BPS OVER 10-YEAR MID SWAP RATE HAS BEEN REVISED REMARKABLY DOWNWARDS AND SET AT 125BPS, RESULTING IN FIXED COUPON OF 4.00% PAID ANNUALLY

  • BOND HAS ISSUE/RE-OFFER PRICE OF 99.935%


Further company coverage: CRDI.MI


(Gdansk Newsroom)

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