Pierre Perrin-Monlouis Dernière mise à jour: 20 octobre 2021
UniCredit (Aa2/A+/A+) has launched today a new senior benchmark for an amount of 2 billion Euro and a spread of 55 bps above 3 month Euribor.
The spread has been defined after a book building process started with a 57-59 bps guidance, which, given the strong demand, has been tightened to 55 bps.
The orders final amount exceeded 4 billion Euro.
Fortis Bank and UniCredit Markets & Investment Banking acted as joint bookrunners for the distribution of the bonds.
The transaction involved a broad participation of institutional investors: funds (46%), banks (48%) and insurance companies (5%) with the following geographic distribution: Italy (25%); Benelux (21%); France (15%); Germany (15%), UK/Ireland (7%).
The issue, documented under the banks Euro Medium Term Notes (EMTN) Programme, will set a new benchmark in the senior credit curve of the Group.
Listing will be done on the Luxembourg Stock Exchange.
Milan, May 20th 2008
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