UniCredit has raised €750m through an Additional Tier 1 bond issuance, attracting more than €3.5billion in investor demand and securing the lowest reset margin achieved by the bank on an AT1 transaction.
UniCredit has issued €750m (around US$859.73m) of Additional Tier 1 (AT1) non-cumulative temporary write-down deeply subordinated fixed-rate resettable notes as part of its 2026 institutional MREL funding plan. The notes were issued with a reset margin of 284.1 basis points The issuance is expected to improve the bank’s Tier 1 capital ratio by around 25 basis points. Investor demand exceeded €3.5billion, with orders coming from more than 220 institutional investors globally.