Unicredit has given a mandate to a pool of banks to place a new floating-rate senior unsecured bond on the market. The price of the issue, according to initial indications, should be around 110 basis points above the 3-month Euribor, while the funding target should be at least 750 million euro. The bond will be priced on the day and will expire in February 2020.
The placement will be managed by a pool of banks made up of JP Morgan, Mediobanca, Nomura, UBS and Unicredit Bank. Unicredit is rated Baa2 by Moody's, BBB- by S&P and BBB+ by Fitch.
