UniCredit brings in €2bn with two-part senior trade

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By Tyler Davies
12 Jan 2021

UniCredit raised €2bn of preferred senior funding with a careful trade on Tuesday, as investors come to terms with a new pricing paradigm in the bank bond market.

The Italian bank (Baa1/BBB/BBB-) divided its euro deal into two tranches: a five year bond and a 10 year piece. 

UniCredit was the sole bookrunner for the transaction, but it was joined by lead managers Credit Suisse, Commerzbank, Danske Bank, ING, Natixis and Santander. 

They started ...

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