UniCredit Leasing Corporation IFN S.A. (Romania) issues a Senior Fixed Rate Bond for an amount of EUR 300 million

UniCredit Leasing Corporation IFN S.A. (“UCL”) has today launched a Senior benchmark with 3 year maturity, taking advantage of current positive market conditions. The amount issued is equal to EUR 300 million. The bond benefits from a direct guarantee of UniCredit S.p.A.

The transaction is a stand-alone issuance, designed to allow UCL to diversify its funding sources and to improve access to financing of UCL clients.  UCL is a leading financial leasing company in Romania.

The transaction has encountered a positive market response, with an order-book in excess of EUR 650 million from more than 70 institutional investors, well diversified from a geographical perspective.

As a consequence, the guidance, initially indicated at 105 bps area over mid-swap, was firstly reviewed to 90-95 bps and set finally at 90bps.

The bond pays a fixed coupon of 0.502%, and has an issue price of 100%.

UniCredit Bank AG and Morgan Stanley acted as Joint Bookrunners.

The notes are rated BBB by S&P.

Listing will be on the Luxembourg Stock Exchange, Euro MTF market.