Ubi prezza covered bond 5 anni da 500 mln euro a 120 pb su swap

giovedì 7 ottobre 2010 14:57

 Oct 7 (Reuters) -Following are terms and conditions of a 
Obbligazioni Bancarie Garanite issue priced on Thursday.      
 Borrower                 UBI Banca SPCA (UBI.MI: Quotazione)     
 Issue Amount             500 million euro     
 Maturity Date            October 18, 2015     
 Coupon                   3.125 pct     
 Reoffer price            99.9     
 Spread                   120 basis points     
 Underlying Govt bond     Over Mid-swaps, equivalent to 169 
                         bp over the 158 OBL     
 Payment Date             October 18, 2010     
 Lead Manager(s)          Citi, Deutsche Bank, Natixis, SG 
                          CIB & Unicredit     
 Ratings                  Aaa (Moody's), AAA (Fitch) 
 Full fees                Undisclosed     
 Yield                    3.147 pct     
 Governing Law            Italian Covered Bond Legislation 
 Notes                    OBG, backed by 100% Italian prime 
                          residential mortgages.