UniCredit: UniCredit successfully issued EUR 1.25 billion subordinated Tier 2 10NC5 bond

KOMISJA NADZORU FINANSOWEGO

Raport bieżący nr

/

2026

Data sporządzenia:

2026-05-12

Skrócona nazwa emitenta

UniCredit

Temat

UniCredit successfully issued EUR 1.25 billion subordinated Tier 2 10NC5 bond

Podstawa prawna

Inne uregulowania

Treść raportu:

Today, UniCredit S.p.A. (issuer rating A3/ A-/ A-) successfully issued a Tier 2 subordinated bond with a 10-year maturity, callable after 5 years, targeted at institutional investors. The amount issued is equal to EUR 1.25 billion.

This is the first Tier 2 issuance in 2026 paying a fixed coupon of 4.231% until May 2031 and with an issue price of 100%. If the issuer does not call the bonds after 5 years, the coupon for the subsequent period until maturity will be reset based on the applicable 5-year swap rate, plus the initial spread.

Given the strong market feedback and the sizeable order book, the guidance which was initially set at 160 bps area over mid-swap, was revised downwards and set at 130 bps.

The transaction had very strong demand from more than 150 institutional investors, with an orderbook of over EUR 2.9 billion. The final allocation has been mainly in favor of funds (79%), with the following geographical distribution: France (29%), UK (24%) and Germany/Austria (14%).

UniCredit Bank GmbH acted as sole Global Coordinator and as Joint Bookrunner together with Barclays, BBVA, JP Morgan, Mediobanca, SocGen and Toronto Dominion.

The bond, documented under the issuer's Euro Medium Term Notes Program, is part of the funding plan for 2026 and will be included in UniCredit's Tier 2 regulatory capital, contributing to the Total Capital Ratio.

Considering the subordinated status, the expected ratings are as follows: Baa3 (Moody’s) / BBB- (S&P) / BBB (Fitch).

Listing will be on the Luxembourg Stock Exchange.

Milan, 12 May 2026

Contacts:

Media Relations e-mail: MediaRelations@unicredit.eu

Investor Relations e-mail: InvestorRelations@unicredit.eu

Załączniki

Plik

Opis

PR_UniCredit_10NC5 Tier2_ITA ENG_12052026.pdf

Press release

UniCredit S.p.A.

(pełna nazwa emitenta)

UniCredit

Banki (ban)

(skrócona nazwa emitenta)

(sektor wg. klasyfikacji GPW w W-wie)

00187

Rzym

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Specchi

(ulica)

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(telefon)

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(e-mail)

(www)

00348170101

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PODPISY OSÓB REPREZENTUJĄCYCH SPÓŁKĘ

2026-05-12

Daniela Arienti

Group Media Relations