Unicredit’s $2 Billion Senior Notes Offering

Latham & Watkins advised UniCredit S.p.A. in the transaction.

UniCredit S.p.A. issued US$1 billion of Fixed to Fixed Rate Senior Preferred Notes, with a 6 year maturity and a call after 5 years, and US$1 billion of Fixed to Fixed Rate Senior Preferred Notes, with a 11 year maturity and a call after 10 years, targeted to institutional investors under 144A/Reg S for a total amount of US$2 billion. The transaction was completed under UniCredit’s US$30 billion US Global Medium Term Note Programme. 

BofA Securities, Citi, Goldman Sachs International, J.P. Morgan, Morgan Stanley, TD Securities, and UniCredit acted as Joint Bookrunners for the Notes offering.

Latham & Watkins advised UniCredit S.p.A. in the transaction with a team led by London and Milan partner Ryan Benedict (Picture), with Milan partner Antonio Coletti and associates Giorgio Thomson Ignazzi, Marco Bonasso, and Marta Carini. Advice was also provided on US tax matters by New York partners Jocelyn Noll and Aaron Bernstein.

Involved fees earner: Ryan Benedict – Latham & Watkins; Aaron Bernstein – Latham & Watkins; Marco Bonasso – Latham & Watkins; Marta Carini – Latham & Watkins; Antonio Coletti – Latham & Watkins; Giorgio Ignazzi – Latham & Watkins; Jocelyn Noll – Latham & Watkins;

Law Firms: Latham & Watkins;

Clients: Unicredit S.p.A.;

Federica Tiefenthaler

Author: Federica Tiefenthaler