(Finance) – Unicredit announces a new direct bond issuewith the aim of expanding the offer range with solutions that can meet the needs of investors who want to continue investing in the fixed income segment in a context of downhill rates.
For this, the bank presented the New retail bond Directly negotiable on the Mot and Bond-X market of Borsa Italiana, immediately available for all investors. Unicredit’s new obligation It is characterized by a duration of 13 years and a STEP-Down-type annual fixed rate: For the first two years the coupon is 10.00%, for the following two years it is 7.00%, the fifth and sixth 5.00%, the seventh and eighth is equal to 4.00% , the ninth and tenth year 3.50%, and subsequently up to expiry pay 3.00%.
This obligation was punconscious with a view to those who want to benefit from the current context of high interest rates in the states
United, offering high returns in the early years It is a gradual transition to a lower rates context. With a performance
initial 10% gross per year for the first two years, this structure offers a coupon significantly higher than market rates
current. Subsequently, the fixed rate progressively decreases up to 3% gross annual, reflecting the expectations of a gradual
Loving of the monetary policy of the Federal Reserve. At the same time as the usual risks related to the obligation (such as refund
to 100 guaranteed only on expiry, the issuing risk and the risk risk) in this case the currency risk is added, being
The obligation listed in US dollars and not in euros.
The title will be negotiable on the MOT to February 19th to March 21, 2025based on the market conditions and in line with the reference market regulations (MOT of Borsa Italiana and Bond-X of EuroTLX). The ISIN code is IT0005635955. The nominal value and the minimum investment are equal to $ 2,000 US dollars.
The reimbursement value at expiry is equal to 100% of the nominal value, while during the life of the obligation the price will follow the market conditions and may be different from the nominal value and/or the emission price.