IFLR1000

UBI Banca €500 million 4.45% hybrid Tier 2 bond issue

15/3/2017
Convertible and hybrid securities, Investment grade bond/note issue
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€ 500 million

$ 538.145 million

Completed

15/3/2017

Overview:

  • UBI Banca has issued a €500 million hybrid Tier 2 bond.
  • The 4.45% bond, due 2027, has a call option after five and a half years, and was issued under the bank's EMTN programme on the Irish Stock Exchange.
  • Citi, Crédit Agricole, Goldman Sachs, HSBC, JPMorgan and UBS acted as joint lead managers.

Sam Duke - Editor

Jurisdictions:

Ireland
Italy

Deal types:

Convertible and hybrid securities
Investment grade bond/note issue

Practice area:

Capital markets : Debt

Governing law:

Italy

Industry sector:

Banking

Firms:
A&O Shearman

Party: Citigroup (Joint lead manager)

Party: Crédit Agricole (Joint lead manager)

Party: Goldman Sachs (Joint lead manager)

Party: HSBC (Joint lead manager)

Party: JPMorgan Chase (Joint lead manager)

Party: UBS (Joint lead manager)

Lawyers: Craig Byrne, Cristiano Tommasi

Chiomenti

Party: UBI Banca (Issuer)

Lawyer: Gregorio Consoli

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