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UniCredit (UCG.MI) issued 1 billion euros of additional tier 1 non-cumulative temporary write-down and deeply subordinated fixed-rate resettable notes, according to a Monday release.BOND UNICREDIT-Avviato collocamento AT1 perpetuo - lead
ROMA, 9 settembre (Reuters) - UniCredit ha avviato il collocamento di un bond Additional Tier 1 perpetuo.Lo riferisce un lead manager. Di seguito gli aggiornamenti: 9,30 - Le prime indicazioni di rendimento per il bond denominato in euro, non callable fino a giugno 2032, sono in area 7%. Incaricate dell'operazione sono UniCredit Bank GmbH come Global coordinator e, in qualità di Joint bookrunner, Barclays, Bnp Paribas, BofA Securities, Morgan Stanley, Santander e UniCredit. Il pricing è atteso ogg
The notes are subject to a coupon rate of 6.5%, a downward revision from the initial guidance of 7%. They are callable on any calendar day in the six months ending June 3, 2032, and thereafter on any interest payment date, subject to regulatory approval.
The notes are also subject to a 5.125% common equity tier 1 trigger, which means automatic write-down if the issuer's CET1 ratio falls below the trigger level.
The Italian banking group said its global offering of the notes was oversubscribed, with orders reaching 3.8 billion euros.