UniCredit has placed Additional Tier 1 instruments with institutional investors for a total amount of €750 million.
The issuance forms part of the group’s 2026 institutional MREL funding plan and, according to the bank, will strengthen its Tier 1 ratio by approximately 25 basis points.
The book-building process attracted orders of more than €3.5 billion from over 220 global investors. Demand allowed UniCredit to tighten initial guidance from the 6.625%-6.75% area and set the coupon at 6.25%. The reset margin is 284.1 basis points, which UniCredit described as the lowest it has ever set for this type of instrument.
The securities are perpetual and may be called by the issuer on 3 December 2031 and subsequently on interest-payment dates, subject to regulatory approvals. The instruments have a 5.125% CET1 trigger.
The final allocation went mainly to investment funds, which received 67%, followed by hedge funds at 17% and central banks and official institutions at 9%.
The company
UniCredit is a pan-European banking group listed on Euronext Milan.
Source: UniCredit regulated disclosure dated 18 September 2026, distributed through eMarket STORAGE.
Market data
ISIN: IT0005239360. To avoid stale or unverifiable figures, IFM refers readers to the issuer’s official Live Euronext page. Numerical values are reported only when directly verifiable for the latest available trading session.