UniCredit raises EUR1bn

UniCredit raises EUR1bn

Published: May 17, 2013

Italian bank taps European investors for fresh funds in bond deal.

Italy’s UniCredit has raised €1bn (US$1.2bn) with a senior benchmark bond.

The bond, which has a maturity of two years and eight months, was issued with a coupon of 150 basis points over 3-month Euribor and attracted orders of €1.4bn from 150 accounts across Europe.

UniCredit’s own investment banking division acted as bookrunner alongside Bank of America Merrill Lynch, HSBC  and Morgan Stanley.