Unicredit is probing the market for a double issue, which provides for a 3-year floating rate and a 10-year covered bond. This was reported by the Thomson Reuters Ifr service, with an initial indication of a yield of 65 basis points above the 3-month Euribor for floating rate issues and 105-110 basis points above the midswap for covered bonds.
The mandate for the completion of the operation was entrusted to Credit Agricole Cib, Credit Suisse, Danske Bank, Ing, Natixis and Unicredit itself. By mid-morning, the Piazza Cordusio share gained almost 2% on the Stock Exchange, a 6,095 euro.
