Unicredit is about to throw a non-preferred senior bond of 750 million euro with a six-year maturity. This was reported by Ifr, the Refinitiv service.
For this bond issue there is a redemption option exercisable only after five years, i.e. from 3 July 2024. The expiry is set for 3 July 2025.
The initial price indication it is in the area of 125 basis points of spread on the midswap rate. The mandate was entrusted to a pool of banks made up of Deutsche Bank, Morgan Stanley, Santander and Société Générale, as well as Unicredit itself.
Meanwhile, by mid-morning, the Unicredit stock on the Stock Exchange was up 1,3%, to 10,398 euros.
