New Issue: UniCredit brings $2 billion of senior notes in five-, 10-year tranches

By Cristal Cody

Tupelo, Miss., April 5 – UniCredit SpA priced $2 billion of senior notes (Baa1/BBB-/BBB+) in two tranches in a Rule 144A and Regulation S offering on Wednesday, according to a market source.

The company placed $1.25 billion of 3.75% five-year notes at a spread of Treasuries plus 200 basis points.

A $750 million offering of 4.625% 10-year notes priced at a Treasuries plus 240 bps spread.

The notes priced on the tight side of guidance.

Citigroup Global Markets Inc., Goldman Sachs & Co., Morgan Stanley & Co. LLC, Nomura Securities International, Inc., UBS Securities LLC and UniCredit Capital Markets LLC were the lead managers.

UniCredit is a banking and financial services company based in Milan, Italy.

Issuer:	UniCredit SpA
Amount:	$2 billion
Description:	Senior notes
Bookrunners:	Citigroup Global Markets Inc., Goldman Sachs & Co., Morgan Stanley & Co. LLC, Nomura Securities International, Inc., UBS Securities LLC and UniCredit Capital Markets LLC
Trade date:	April 5
Ratings:	Moody’s: Baa1
	S&P: BBB-
	Fitch: BBB+
Distribution:	Rule 144A, Regulation S
Five-year notes
Amount:	$1.25 billion
Maturity:	April 12, 2022
Coupon:	3.75%
Spread:	Treasuries plus 200 bps
Price guidance:	Treasuries plus 205 bps area, plus or minus 5 bps
10-year notes
Amount:	$750 million
Maturity:	April 12, 2027
Coupon:	4.625%
Spread:	Treasuries plus 240 bps
Price guidance:	Treasuries plus 245 bps area, plus or minus 5 bps

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