PRICED: UniCredit $1.5b 15NC10 Sub +475
Deal priced.
· $1.5b 15NC10 Sub Fixed (June 30, 2035) at +475
o Guidance +475#, IPT +510 area
o Coupon: Semi-annual
· Issuer: UniCredit SpA (UCGIM)
· Issuer Ratings: Baa1/BBB/BBB-
· Exp. Ratings: Baa3/BB+/BB
· Format: 144A/Reg S, subordinated note, Tier 2
· Tax changes call, regulatory / capital disqualification call
· Standard Call: June 30, 2030 at 100
· PSC: GCP
· Settlement: June 30, 2020
· Denoms: 200k x 1k