Funding and ratings

UniCredit Bank Ireland p.lc. is an active issuer in several short-term paper programmes guaranteed by UniCredit S.p.A.

We were also a joint issuer in the Group’s €60bn EMTN programme, but are no longer active in this area.

  • EMTNP
  • ECPP
  • LCDP
  • NEU CPP

Funding programmes & Information Memoranda

  • €60 billion Euro Medium Term Note Programme (no longer an active issuer)
  • €10 billion Puttable Notes Programme
  • €15 billion Euro Commercial Paper Programme
  • London Certificate of Deposit Programme
  • €10 billion French NEU CP Programme

Ratings

A "rating" assigned by a rating agency (such as "Moody's", "Standard & Poor's" and "Fitch") represents an opinion on the credit standing and the likelihood of default of a rated entity (e.g. of a company, a bank, etc.) or a security (e.g. a bond). Each rating agency uses its own methodology regarding the meaning of the ratings allocated. Ratings can come under review by the rating agencies. Investors are invited to refer to the websites of the relevant rating agencies in order to have access to the latest rating. A rating is not a recommendation to buy, sell or hold securities and may be subject to suspension, reduction or withdrawal at any time by the relevant rating agency.
 

€60,000,000,000 Euro Medium Term Note Programme

On 7th June 2018, UniCredit S.p.A. and UniCredit Bank Ireland p.l.c. updated their Euro Medium Term Note Programme (the "Programme") with a value of €60,000,000,000 under which notes may be issued from time to time, denominated in any currency agreed between the relevant issuer and the relevant dealer.
Notes issued under the Programme can be listed on the official list of the Luxembourg Stock Exchange and admitted to trading on the Luxembourg Stock Exchange's regulated market (as contemplated by Directive 2004/39/EC) upon approval of the Luxembourg Stock Exchange.
The notes under the Programme may be offered both to retail and institutional investors and may be issued on a continuing basis to one or more of the dealers specified below and any additional dealer appointed under the Programme from time to time by any of the issuers, which appointment may be for a specific issue or on an ongoing basis.

Arranger and Dealer: UniCredit Bank AG
To view a copy of the Prospectus (in PDF format) please click here.
To view the retail issues please click here
To view the EMTN supplements please select from the below:
 - First Supplement November 2018
 - Second Supplement February 2019

€10 billion Puttable Notes Programme

On 18th July 2019, UniCredit S.p.A. and UniCredit Bank Ireland p.l.c. updated their Puttable Notes Programme with a value of €10,000,000,000 under which notes may be issued from time to time, denominated in any currency agreed between the relevant issuer and the relevant dealer. These notes will feature an investor put where the investor will be able to redeem the notes at par after giving a certain amount of notice.
Notes issued under the Programme can be listed on the official list of the Luxembourg Stock Exchange and admitted to trading on the Luxembourg Stock Exchange's regulated market (as contemplated by Directive 2004/39/EC) upon approval of the Luxembourg Stock Exchange.
The notes under the Programme may be offered to institutional investors and may be issued on a continuing basis to one or more of the dealers specified below and any additional dealer appointed under the Programme from time to time by any of the issuers, which appointment may be for a specific issue or on an ongoing basis.

Arranger : UniCredit S.p.A.
Dealers : UniCredit S.p.A.; UniCredit Bank AG; UniCredit Bank Ireland p.l.c.
To view a copy of the Prospectus (in PDF format) please click here.

Euro Commercial Paper Programme

On 10th October 2017, UniCredit Bank Ireland p.l.c. updated its €15 billion Euro Commercial Paper Programme guaranteed by UniCredit S.p.A.
On 23rd January 2009, the STEP Market Secretariat confirmed that this programme complies with the standards set out in the STEP Market Convention and will be included in the list of STEP-compliant programmes on the website of the STEP Secretariat as of this date. They reconfirmed the STEP label following the recent update.

Please see www.stepmarket.org
Arrangers: Barclays, UniCredit Bank
Barclays, BofA Merrill Lynch, Citigroup, Credit Suisse, Goldman Sachs International, ING, NatWest Markets, UBS Investment Bank, UniCredit Bank, UniCredit Bank Ireland p.l.c.
To view a copy of the Information Memorandum (in PDF format) please click here.

Certificate of Deposit (CD) Issued

On 25th September 2003, UniCredit Bank Ireland p.l.c. signed a CD Programme. This allows us to issue London Certificates of Deposit to Irish and international institutional investors for minimum denominations of € 500,000; in the case of an instrument denominated in United States Dollars, the minimum denomination will be US$500,000 or in the case of an instrument denominated in a currency other than euro or United States Dollars, the equivalent in that other currency of € 500,000. The CDs are guaranteed by UniCredit S.p.A. rated A+/A1 (A-1/P-1 Short Term) and may be cleared through Euroclear, Depository Trust Company of New York, Clearstream Banking SA or any other recognised clearing system.

To view the Information Memorandum please click here. Bloomberg UCSPLC <M-Mkt> <Go>

French NEU CP Programme

On 8th August 2019, UniCredit Bank Ireland p.l.c. signed a new French NEU CP (Negotiable European Commercial Paper) Programme guaranteed by UniCredit S.p.A.
On 5th September 2019, the STEP Market Secretariat confirmed that this programme complies with the standards set out in the STEP Market Convention and will be included in the list of STEP-compliant programmes on the website of the STEP Secretariat as of this date.

Please see www.stepmarket.org
Details are also available on the Banque de France website https://www.banque-france.fr/en/politique-monetaire.html/368
Arrangers: UniCredit S.p.A.
Dealers : UniCredit Bank Ireland p.l.c. (direct placement); UniCredit S.p.A.; UniCredit Bank AG.
To view a copy of the Information Memorandum (in PDF format) please click here

For more information contact:

Tel: +353-1-670 2000
finance@unicredit.ie