Book size: 2000; Registration: Reg S Only; Comments: EUR750m 5yr, cpn 2.625% at 99.709, yld 2.688%. Spread: MS+22. LEI: D1HEB8VEU6D9M8ZUXG17;
Deal Comments
Reoffer: 5yr: MS+22bp / 99.709% / 2.688%
Benchmark: 5yr: DBR 0 15-Feb-31 @ 89.075 / B+35.0bp / HR 106%
Final Books: 5yr: Over €2bn (incl. €140m JLMs). Peak book over €2.35bn (pre-rec, incl. €140m JLMs)
Launched: 5yr: €750m @ MS+22bp - Books over €2.35bn (incl. €140m JLMs – pre rec)
Book Update: Books over €1.8bn (incl. €140m JLMs)
Guidance: 5yr: MS+30a
Issuer: UniCredit Bank Austria AG [Ticker: BACA]
LEI: D1HEB8VEU6D9M8ZUXG17
Issue Type: Public Sector Covered Bond, European Covered Bond (Premium), ECBC Covered Bond Label compliant
Format: Reg S, Bearer form
Issue Rating: Aaa (Moody's) exp.
Compliance: CRR Art.129 and Solvency II (intended), LCR Level 1
Volume: €750m
Coupon: 2.625% Fixed, annual, act/act ICMA
Settlement Date: 18-Feb-26 (T+5)
Maturity: 18-Feb-31 (Soft Bullet)
Reoffer: MS+22bps / 2.688 % / 99.709% / B+35.0bps
Benchmark: DBR 0 15-Feb-31 DE0001102531 @ 89.075 (HR 106%)
Joint Lead Managers: CIBC Capital Markets, DekaBank, Erste Group, Natixis, Nykredit, Raiffeisen Bank International, and UniCredit (B&D)
Listing: Vienna, Amtlicher Handel
Documentation: Under the issuer’s EUR 40bn EMTN Programme dated 27-Mar-25, as supplemented on 30-Apr-25 and 04-Dec-25
Target market: Manufacturer target market (MiFID II/UK MiFIR product governance) will be eligible counterparties and professional clients only (all distribution channels). No PRIIPs or UK PRIIPs key information document (KID) has been prepared as not available to retail in EEA or the UK.
Fees: The Banks will be paid a fee by the Issuer in respect of this transaction
Denoms/Law: 100k + 100k / Austrian Law
ISIN/WKN: AT000B049994
Advertisement: The base prospectus is available at: https://www.bankaustria.at/en/about-us-issues-under-base-prospectuses-base-prospectuses.jsp
Timing: Priced: TOE: 13.20CET; 12.20UKT // FFT: 13.40 CET; 12.40UKT