Unicredit buys back Tier 2 bonds for 663.7 million euros

The Unicredit banking group has concluded a repurchase operation of Tier 2 subordinated bonds, agreeing to purchase all the securities tendered to the offer for a total amount of 663.7 million euros. The bank itself …

Written by: Jack Williams

Published on: June 7, 2026

The operation in detail

The securities affected belong to the bond called “€1,250,000,000 Fixed Rate Resettable Tier 2 Subordinated Callable Notes due 15 January 2032”, a subordinated fixed rate bond issue expiring in January 2032. Following the repurchase, the total nominal amount of the securities that will remain in circulation after the settlement date will be equal to €586.3 million.

The new issue

At the same time as the repurchase, on 19 May 2026 Unicredit issued a new Tier 2 subordinated bond loan, also callable and denominated in euro at a fixed rate. The operation was managed with UniCredit itself, Barclays and JP Morgan in the role of dealer managers.

Jack Williams

Jack Williams established himself as the editor-in-chief of The Vermilion with rigorous journalistic traits and an incessant quest for truth. His career began as an investigative reporter, where he quickly gained a reputation for his in-depth research and insightful articles. Williams takes his role at The Vermilion very seriously. Since he became editor-in-chief, he has set an editorial line based on impartiality, factual accuracy, and context relevance; this has established The Vermilion as a reference for political, economic, and global news. Under his leadership, the media continues its mission of reporting news with accuracy and equanimity, giving a voice to those who are often overlooked by large-scale media. Jack dedicates himself to fulfilling this mandate with passion, rigour, and unwavering determination.