New Issue: UBI Banca prices €500 million five-year 1.5% preferred green bonds at 99.79

By Wendy Van Sickle

Columbus, Ohio, April 5 – UBI Banca SpA priced €500 million of five-year 1.5% senior preferred green bonds at 99.79 to yield 1.544%, according to a notice.

Banca IMI (B&D), BNP Paribas, Credit Agricole CIB, Credit Suisse, UBI Banca and UniCredit were the joint bookrunners.

Proceeds of the Regulation S deal will be used to finance and or refinance, in whole or in part, green eligible projects.

UBI Banca is a Bergamo, Italy-based banking group. It is the result of the April 2007 merger between BPU - Banche Popolari Unite and Banca Lombarda e Piemontese.

Issuer:	UBI Bank SpA
Issue:	Senior preferred green bonds
Amount:	€500 million
Maturity:	April 10, 2024
Bookrunners:	Banca IMI (B&D), BNP Paribas, Credit Agricole CIB, Credit Suisse, UBI Banca and UniCredit
Coupon:	1.5%
Price:	99.79
Yield:	1.544%
Pricing date:	April 5
Settlement date:	April 10
Expected ratings:	Moody’s: Baa3
	S&P: BBB-
	Fitch: BBB-
	DBRS: BBB
Distribution:	Regulation S

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