Unicredit launched a subordinated bond Tier 2 in euros with a maturity date of 10 years (February 20, 2029). The security will not be due for 5 years and has a benchmark amount, i.e worth at least half a billion euros.
As regards the return, the initial indications are in the area of 5,125%. The banks involved in the operation are Bnp Paribas, HSBC, Mediobanca and Morgan Stanley, as well as Unicredit itself. Pricing of the bond is expected during the day.
The group's strategic plan envisages placing bonds for 6 billion euros by the end of 2019. The first issue of 1,5 billion came in January 2018. Last November the institute had then issued a Tier 3 bond by 3 billion dollars, followed a month ago by two three-year non-preferred senior securities, also those in dollars (3 billion in all) placed on the US market.
Meanwhile, today the stock on the Unicredit Stock Exchange travels up by about 2%, to 10,88 euros.
