UBI Banca launches a new covered bond for a maximum amount of 500 million euro. The bonds are guaranteed and are set to mature in September 2025.
As regards the yield, the initial guidance envisages a spread of 80 basis points above the midswap rate.
The bond is expected to be rated Aa3 by Moody's and AA by Dbrs. The order collection operation is underway and pricing is expected during the day.
The institute has entrusted the placement of the security to a pool of international banks made up of Barclays, Commerzbank, Deutsche Bank, Société Générale, Ubi Banca and UniCredit.
At the end of the morning, the Ubi Banca share on the Stock Exchange was up 1,56%, to 2,339 euros.
