UniCredit preplaces Geldilux SME transaction

By Joseph McDevitt
30 Jul 2013

UniCredit has privately placed a slice of senior notes from its Geldilux-TS-2013 deal, a securitization of German small- and medium-enterprise loans. The deal, which priced on Tuesday, is the twelfth issue from the longstanding and well-regarded Geldilux name.

A €400m piece of the €750m senior class ‘A’ tranche was privately sold with a group of investors, pricing at one month Euribor plus 80bp, while the remaining €350m of notes were retained.

All classes further down the capital structure were also retained by the issuer. These consisted ...

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