Joint Bookrunner in the new bond issue of UniCredit Bank Czech/Slovakia

The IMI Corporate & Investment Banking Division acted as Joint Bookrunner in the new 500 million euro 3yr Covered bond issue launched by UniCredit Bank Czech/Slovakia (“the issuer”).

On the back of the supportive feedbacks collected from investors, on February 8 the issuer released the Initial Guidance at MS+75 bps. In a few hours, investor orders surpassed 2 billion euro and the solid primary demand allowed the issuer to price the deal at MS+60 bps, with a 3.625% coupon.

The offering enjoyed a strong and constant demand coming from a variety of high-quality bank treasury accounts.