A&O Shearman Advises UniCredit on EUR1 Billion Senior Non-Preferred Bond

"A&O Shearman advised UniCredit S.p.A. on the placement of a EUR1 billion Senior Non-Preferred fixed-to-floater bond for institutional investors. The six-year issue carries a 3.776% fixed coupon until April 16, 2031, thereafter resetting to 3-month Euribor +95bps; issued under UniCredit's EUR60bn EMTN programme and listed in Luxembourg, centralized with Euronext Securities Milan."

A&O Shearman advised UniCredit S.p.A. as issuer in the placement of a EUR1 billion Senior Non-Preferred fixed-to-floater bond aimed at institutional investors. The bond was issued in dematerialized form with a six-year maturity and pays a fixed annual coupon of 3.776% until the reset date of April 16, 2031. If the issuer does not exercise its early redemption option at the reset date, the coupon will convert to a quarterly floating rate, determined by reference to the 3-month Euribor plus a spread of 95 basis points. The issuance was documented under UniCredit S.p.A.'s EUR60 billion Euro Medium Term Notes programme. The bond has been admitted to listing on the regulated market of the Luxembourg Stock Exchange and centralized with Euronext Securities Milan (Monte Titoli). A&O Shearman represented UniCredit S.p.A. with a team composed by: Cristiano Tommasi, Partner, Rome; Elisabetta Rapisarda, Senior Associate, Rome; Paolo Martellone, Associate, Rome; and Elia Ferdinando Clarizia, Counsel, Milan, who provided assistance on tax matters.

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A&O Shearman Advises UniCredit on EUR1 Billion Senior Non-Preferred Bond

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A&O Shearman Advises UniCredit on EUR1 Billion Senior Non-Preferred Bond

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