By Devika Patel
Knoxville, Tenn., Nov. 20 – Unipol Gruppo SpA sold a €250 million add-on to its 3.25% green notes due Sept. 23, 2030 at 102.546, according to a press release on Friday.
JPMorgan is the stabilization manager for the over-the-counter add-on.
Unipol originally sold €750 million of the notes (Ba2//BB+) on Sept. 16, 2020 at 99.756 to yield 3.279%, or 350 basis points over mid-swaps. Joint lead managers of the original issue were BNP Paribas, Intesa Sanpaolo SpA, J.P. Morgan Securities plc, Mediobanca – Banca di Credito Finanziario SpA and UniCredit Bank AG.
There is now €1 billion of the notes outstanding.
Unipol is a Bologna, Italy-based financial services provider.
| Issuer: | Unipol Gruppo SpA
|
| Issue: | Green notes add-on
|
| Amout: | €250 million
|
| Maturity: | Sept. 23, 2030
|
| Stabilization manager: | J.P. Morgan AG
|
| Coupon: | 3.25%
|
| Price: | 102.546
|
| Announcement date: | Nov. 20
|
| Original ratings: | Moody’s: Ba2
|
| Fitch: BB+
|
| Original issue: | €750 million priced at 99.756 to yield 3.279%, or 350 bps over mid-swaps, on Sept. 16, 2020
|
| Total amount: | €1 billion
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
