FT:
Italy’s UniCredit issues its first bond in the US in a decade
UniCredit has issued its first bond in the US in a decade, in a test of investor demand for Italy’s largest bank as the country’s financial sector continues to struggle.
Unicredit Senior in USD 2022 3,75% 2027 4,625%
Issuer/Ticker: UniCredit S.p.A. (“UCGIM”)
Expected Ratings: Baa1/BBB-/BBB+ (Stable/Stable/Negative)
Format: 144A/Reg S
Ranking: Senior Unsecured Notes
Size: $ Benchmark
Maturity: 5-year Fixed | 10-year Fixed
Maturity Date: April 12, 2022 | April 12, 2027
Tranche Size: $ Benchmark | $ Benchmark
Initial Price Talk: T+ Low 200's | T+ Mid 200's
Use of Proceeds: General Corporate Purposes
Settlement: T+[5] (Apr 12, 2017)
Denominations: $200k x $1k
Sales into Canada: Exemption
Law: New York
Bookrunners: CITI (B&D) /GS/MS/Nomura/UBS/UniCredit