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15.04.2013 Investmentbanking & Research
UniCredit Bank AG (HVB) successfully placed a €500 million Hypothekenpfandbrief due April 2020

UniCredit Bank AG (HVB) successfully placed a 7-year Mort-gage Pfandbrief. The issue was well-accepted by the investors and the lead managers placed a volume of € 500 million.

The joint-lead managers of this issue were Credit Agricole, Deutsche Bank, DZ Bank, NORD/LB and UniCredit.

The new Mortgage Pfandbrief carries an annual coupon of 1,25% and has a term of 7 years. The issue price was set at 99.70 %, which resulting in a re-offer spread of 14 basis points above the mid-market swap rate. The value date for the issue is April 22, 2013 and maturity is April 22, 2020. Mortgage Pfandbriefe issued by UniCredit Bank AG are awarded the high rating of Aa1 by Moody's and AAA by Fitch.

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