UniCredit Bank announces issuance of senior unsecured bonds of 480 million RON with a maturity of 5 years

UniCredit Bank has successfully concluded a new issuance of senior unsecured corporate bonds in RON, carried out during the period 21 – 24 November 2023. Through the bond offering, the bank aimed to raise a total amount of 400 million RON. The offer was oversubscribed twice by the investors, so that the final amount allocated amounted to 480 million RON.

UniCredit Bank’s RON corporate bond issuance is part of a wider programme and is targeted towards  diversifying funding sources in order to increase access to finance for the bank’s customers. The offer was successfully completed on the basis of subscriptions from qualified local institutional investors and international financial institutions.

Mihaela Lupu, CEO of UniCredit Bank: “This new bond issuance confirms that we are constantly concerned with the development of the local capital market, providing opportunities for investors and increasing access to finance for our clients. We are very grateful for the strong interest showed by our investors which reaffirms their confidence in our strategic direction and in our position as a strong organisation.”

The  bonds have a maturity of 5 years (November 24, 2028) and a fixed annual coupon of 7.82% and were issued under the Euro Medium Term Note Programme, following the terms of the base prospectus approved by the FSA on December 7, 2022 and completed through the First Supplement approved on November 7, 2023. The total amount issued underthe programme through two issuances (December 21, 2022 and November 24, 2023) thus reaches RON 968.5 million.

The bonds will be listed on the Bucharest Stock Exchange.

The agent  was Alpha Bank Romania S.A. and the law firm Clifford Chance Badea provided legal advice.