Unipol successfully completed the placement of its first green bond

Wednesday, September 16, 2020 - 19:53

Following what has been announced to the market on 14 September, Unipol Gruppo S.p.A. (“Unipol” or the “Company”) announces that it has completed today the placement among domestic and international institutional investors of senior unsecured non-convertible notes, under its recently renewed EMTN programme, for a nominal amount equal to Euro 750 million (the “Notes”) with issue date on 23 September and 10-year tenor (therefore until its maturity on 23 September 2030).

The Notes will qualify as “green bonds” confirming the Unipol Group’s commitment to the sustainability and will be compliant with the Green Bond Framework of the Company on which a second party opinion has been issued by Sustainalytics.

The Notes will be issued at an issue price equal to 99.756% and will pay an annual fixed rate coupon equal to 3.25% (350 basis points above the mid-swap rate of corresponding tenor based on today’s fixing).

The issuance sparked a strong interest from investors, confirming the solid reputation of the Unipol Group on the international markets. In the course of the placement, orders for more than Euro 3 billion have been allocated, covering four times the book. More than 80% of the Notes have been placed among international institutional investors.

Notes’ expected ratings are Moody’s Ba2 and Fitch BB+.

The Notes will be listed on the regulated market of the Luxembourg Stock Exchange.

BNP Paribas, Intesa Sanpaolo, J.P. Morgan, Mediobanca e UniCredit Bank. Will act as Joint Lead Managers in connection with the issuance.