UniCredit issues €1 bn bonds
14:06
UniCredit issued five-year and one-month maturity bonds worth €1 billion. The coupon rate was set at 100 bp above the Euribor rate. Issue price was 99.75 percent, Puls Biznesu daily informed.
UniCredit bank AG, JP Morgan, Mediobanca, Nomura and UBS were joint book runners.
“There were as much as 140 institutional investors who placed subscriptions valued at €1.5 billion. The allocation was as follows: funds (54 pct), banks (34 pct), insurance companies (10 pct), Italy (30 pct), France (23 pct), Spain/Portugal (19 pct), the UK/Ireland (13 pct), German/Austria (9 pct),” was reported.
The Italian lender has been listed on the WSE since 2007. It is a strategic Pekao Bank shareholder.
