Published on 11/27/2018 in the Prospect News Investment Grade Daily.
New Issue: UniCredit sells $3 billion 7.83% five-year senior notes
By Cristal Cody
Tupelo, Miss., Nov. 27 – UniCredit SpA priced $3 billion of 7.83% five-year senior notes (Baa3/BBB/BBB) in a Rule 144A and Regulation S offering on Tuesday at a spread of 493.6 basis points over Treasuries, according to a market source.
Citigroup Global Markets Inc., Morgan Stanley & Co. LLC and UniCredit Capital Markets LLC were the bookrunners.
UniCredit is a banking and financial services company based in Milan, Italy.
| Issuer: | UniCredit SpA
|
| Amount: | $3 billion
|
| Description: | Senior notes
|
| Maturity: | Dec. 4, 2023
|
| Bookrunners: | Citigroup Global Markets Inc., Morgan Stanley & Co. LLC and UniCredit Capital Markets LLC
|
| Coupon: | 7.83%
|
| Spread: | Treasuries plus 493.6 bps
|
| Trade date: | Nov. 27
|
| Ratings: | Moody’s: Baa3
|
| S&P: BBB
|
| Fitch: BBB
|
| Distribution: | Rule 144A and Regulation S
|
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