Unicredit — Capital/Financing Update 2026

Apr 9, 2026

Report Content Today, UniCredit S.p.A. (issuer rating A3/ A-/ A-) successfully issued a Senior Non-Preferred bond for EUR 1 billion with 6 years maturity, callable after 5 years, targeted to institutional investors.

The issuance follows a book building process that gathered a demand of more than EUR 3.7 billion, with more than 170 orders from institutional investors.

Given the strong market feedback, the initial guidance of 125bps over the 5-year mid swap rate has been revised downwards and set at 95bps, resulting in a fixed coupon of 3.776% paid annually, with an issue/re-offer price of 100%. The bond will have a one-time issuer call on April '31. Should the issuer not call the bond, the coupons for the subsequent periods until maturity will reset to a floating rate equal to 3-months Euribor plus the initial spread of 95bps.

The final allocation has been mainly in favor of funds (64%) and banks (18%), with the following geographical distribution: UK (26%), France (19%), Italy (18%) and Germany/Austria (15%).

UniCredit Bank GmbH acted as Global Coordinator and as Joint Bookrunner together with ABN AMRO, BNP PARIBAS, J.P. Morgan, Mediobanca, RBC Capital Markets and Santander.

The bonds, documented under the issuer's Euro Medium Term Notes Program, rank pari passu with the outstanding Non-Preferred Senior debt and are part of the funding plan for 2026. The expected ratings are as follows: Baa2 (Moody's)/ BBB (S_P)/ BBB+ (Fitch).

Listing will be on the Luxembourg Stock Exchange.

Milan, 9 April 2026

Contacts:

Media Relations e-mail: MediaRelations@unicredit.eu

Investor Relations e-mail: InvestorRelations@unicredit.eu