UniCredit Group launches ten-year eurobonds EUR 1 billion worth
"It is expected that the issue will be priced at a Fitch rating of AA ++. Securities aroused great interest among institutional investors. Thus, investors have filed 90 applications for a total of EUR 2 billion. Central banks and official institutions (52%) and banks (25%) and funds (18%) and insurance (5%) are among them. Demand was driven by a wide geographical diversification, with 42% of investors coming from Italy, 18% - from Germany and Austria, 15% - from Asia and the Middle East, 6% - in the UK, Ireland and Benelux countries",- said the statement.
The bond will pay a coupon of 0.75% with an issue price set at 99.118% and a yield of around 53 bps which is even lower than rates of government bonds in Italy funding (BTS).
Sole arranger of the issue is UniCredit group. UniCredit, Banca IMI, Credit Suisse, Natixis, RBS and SocGen became the bookrunners of the securities issue.
In Ukraine the group is represented by UniCredit Bank - one of the largest universal banks, which is one of eight system-based banks. As of 01.01.2015 UniCredit Bank assets amounted to UAH 48.258 billion, deposit portfolio - UAH 22.5 billion.
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