UniCredit SpA has successfully launched its inaugural Senior Preferred Green Bond for EUR 1.0 billion under the bank’s newly established Sustainability Bond Framework.

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UniCredit is significantly accelerating on its sustainability commitments and has successfully issued the bank’s first Green Bond for EUR 1.0 billion with an 8-year maturity and a call after year 7, targeted at institutional investors. The issuance follows a book building process that gathered strong demand of more than EUR 3.25 billion from more than 200 investors globally.

The bond proceeds are dedicated to fund renewable energy, clean transportation, and green buildings with the aim of supporting the United Nations Sustainable Development Goals (UN SDGs) number 7 (Affordable & Clean Energy), number 9 (Industry, Innovation & Infrastructure) and number 11 (Sustainable Cities & Communities).

“This inaugural Green Bond serves as a clear indication of how central ESG is to our long term offering, underpinning the very essence of how we do sustainable business, for the benefit of all our stakeholders, but especially for our clients and those communities within which we operate.”

Andrea Orcel, CEO of UniCredit

The issuance further underlines the strategic importance of ESG for the Group, including the launch of the company-wide Sustainability Bond Framework, which will allow the Group’s main issuers UniCredit SpA, UniCredit Bank AG, and UniCredit Bank Austria to issue green, social, and sustainability bonds as a recurring part of UniCredit’s funding activity going forward.
The Framework is in line with the 2021 version of the Green and Social Bond Principles and the Sustainability Bond Guidelines of the International Capital Market Association. Annual reporting will ensure the transparent allocation and tracking of proceeds also in terms of impact achieved.

UniCredit Bank AG was mandated as the Green Structurer and acted as Sole Bookrunner and Lead Manager for the placement. BBVA, Crédit Agricole CIB, IMI-Intesa Sanpaolo, ING, Natixis and NatWest Markets acted as Joint Lead Managers (no books). To find out more on UniCredit’s ESG commitments and progress read our Integrated Report