Prospectus - Notowania
Prospectus - Notowania Prospectus - Notowania
The UniCredit Group is financed in the medium- and long-term through supply sources, which envisage the use of different issue Programmes including the following: • domestic programme, intended mainly for deposits via the customers of the retail and private banking networks; • international programmes (two Euro Medium Term Note Programmes - up to €60 billion UniCredit and UniCredit Ireland and the second Bank Austria for an amount up to 40 billion), intended mainly to exploit the deposits with leading institutional investors, through benchmark and private placement issues; • United States programme (144A USD Medium Term Note Program – up to €10 billion), for issues intended for qualified investors resident in the United States; • following improvements to the reference legislation in May 2007, in 2008 the Group completed the structuring of a secured bank bond programme to raise funds from qualified investors. As of today the Group has issued secured bank bonds totalling €7.5 billion (of which 5 billion retained within the Group); • HVB debt instrument programme up to €50 billion. The UniCredit Group also issues subordinated loans included in Regulatory Capital in order to strengthen the consolidated equity structure. As at September 30, 2009, the outstanding subordinated liabilities of the UniCredit Group amounted to roughly €28.2 billion (€31.1 billion as at December 31, 2008). Issue of hybrid capital instruments for an amount 10% above that of said instruments – included in Tier 1 capital. Interest rate Maturity Starting date of prepayment option Amount in original currency (in millions) - 260 - Amount included in regulatory capital (Euro/thousands) Stepup Option to suspend interest payment Issued through an SPV subsidiary 8.05% perpetual 10.2010 EUR 540 506,943 yes yes yes 9.20% perpetual 10.2010 USD 450 277,399 yes yes yes 4.03% perpetual 10.2015 EUR 750 750,000 yes yes yes 5.40% perpetual 10.2015 GBP 300 297,169 yes yes yes 8.59% 12.31.2050 06.2018 GBP 350 347,674 yes yes yes 7.055% 12m L + 1.25% 12m L + 1.25% 8.741% 7.76% 9.00% 3.50% perpetual 06.07.2011 06.07.2011 06.30.2031 10.13.2036 10.22.2031 12.31.2031 03.2012 1 1 06.2029 10.2034 10.2029 12.2029 EUR EUR EUR USD GBP USD JPY 600 300 200 300 100 200 25,000 541,880 299,945 200,000 184,388 98,977 122,926 190,738 yes no no no no no no no no no yes yes yes yes yes no no yes yes yes yes 10y CMS 2 +0.10%, cap 8.00 % perpetual 10.2011 EUR 250 250,280 no no yes 10y CMS 2 +0.15%, cap 8.00 perpetual % TOTAL 1 Loan prepayment option is not available. 03.2012 EUR 150 150,670 4,218,989 no no yes 2 Constant Maturity Swap. Issue of hybrid capital instruments for an amount 10% above that of said instruments – included in Tier 2 capital Interest rate Maturity Starting date of prepayment option Amount in original currency (millions) Amount included in Regulatory Capital (Euro/thousands) Step-up Option to suspend interest payment 3.95% 02.01.2016 not EUR 900 895,428 not applicable Yes 1
5.00% 02.01.2016 applicable not applicable 6.70% 06.05.2018 not applicable 6.10% 02.28.2012 not applicable GBP 450 494,268 not applicable Yes 1 EUR 1,000 996,442 not applicable Yes 1 EUR 500 498,277 not applicable Yes 1 1 In the event dividends are not paid, payment of interest is suspended (deferral of interest); if losses take share capital and reserves under the minimum threshold set by the Bank of Italy for the exercising of banking business, the face value and bond interest are proportionally reduced. 10.2.1. Other information Securitisations As an alternative to direct indebtedness, for the purposes of diversification of deposit sources, their obtainment under optimal conditions and capital release, the UniCredit Group performed several securitisation transactions with the objective of raising funds secured by the transfer of various types of assets. The table below shows the securitisations still in existence, with an indication of the original amount of the transaction. TRANSACTIO TRANSACTION ORIGINATOR SECURITISATION NAME SERVICER N TYPE OBJECTIVES - 261 - TYPE OF SECURITISED ASSET VALUE OF SECURITISE D PORTFOLIO (IN MILLIONS) % OF SECURITIES WITH RATINGS PLACED ON THE MARKET UniCredit TREVI FINANCE traditional UniCredit S.p.A. Financing private loans 403 100% UniCredit TREVI FINANCE 2 traditional UniCredit S.p.A. Financing private loans 287 UniCredit TREVI FINANCE 3 traditional UniCredit S.p.A. Financing private loans 566 100% UniCredit CAESAR FINANCE traditional Bank of New York Financing securities 56 100% UniCredit ENTASI traditional UniCredit S.p.A. Financing securities - 100% UniCredit Leasing LOCAT SV - Serie 1 - 2008 traditional LOCAT S.p.A. UniCredit Leasing LOCAT SV - Serie 2 - 2008 traditional LOCAT S.p.A. UniCredit Leasing LOCAT SV - Serie 2006 traditional LOCAT S.p.A. UniCredit Leasing LOCAT SV - Serie 2005 (Ex Locat Securitisation Vehicle 3) traditional LOCAT S.p.A. UniCredit Leasing Locat Securitisation Vehicle 2 traditional LOCAT S.p.A. Capital release / Financing leasing 2,469 0% Capital release / Financing leasing 2,563 0% Capital release / Financing Capital release / Financing Capital release / Financing leasing leasing leasing 1,353 100% 852 100% 871 100%
- Page 209 and 210: In its role as sponsor, the Group s
- Page 211 and 212: showed a great deal of volatility,
- Page 213 and 214: The Group does not have any mortgag
- Page 215 and 216: B.2 Financial assets designated at
- Page 217 and 218: During Q3 2009, UniCredit Real Esta
- Page 219 and 220: Total 8,175 8,049 9,105 6,872 1.6%
- Page 221 and 222: Total interest income is, for the t
- Page 223 and 224: (millions of €) % Change Fee and
- Page 225 and 226: Net hedging income (loss) (millions
- Page 227 and 228: Administrative expenses for personn
- Page 229 and 230: consolidation were attributable sol
- Page 231 and 232: The cost of credit risk (calculated
- Page 233 and 234: eing completed on October 1, 2007.
- Page 235 and 236: and Romania). Growth in the Poland
- Page 237 and 238: ( in millions of Euros) % Change Ne
- Page 239 and 240: markets recorded in 2007 (Croatia,
- Page 241 and 242: Gross profit therefore stands at
- Page 243 and 244: amounting to € 1,222 million in a
- Page 245 and 246: 1. Deposits from banks 152,437 1,94
- Page 247 and 248: usiness segments have posted result
- Page 249 and 250: (in millions of €) % Change Opera
- Page 251 and 252: (in millions of €) RECONCILIATION
- Page 253 and 254: 100. Income (Losses) from sale or r
- Page 255 and 256: 100. Income (Losses) from sale or r
- Page 257 and 258: This result should not be considere
- Page 259: 10.2. Information regarding the fin
- Page 263 and 264: HVB Lux Geldilux - TS - 2005 tradit
- Page 265 and 266: 10.3. Indication of the financial r
- Page 267 and 268: 12. INFORMATION ON EXPECTED TRENDS
- Page 269 and 270: 14. ADMINISTRATION, MANAGEMENT OR S
- Page 271 and 272: Quadrante Europa (Platform for logi
- Page 273 and 274: esearch on the strategies of multin
- Page 275 and 276: Director; he is a Member of the Boa
- Page 277 and 278: the Management Board of Bank Austri
- Page 279 and 280: Alessandro Profumo Giovanni Belluzz
- Page 281 and 282: Manfred Bischoff Enrico Tommaso Cuc
- Page 283 and 284: Donato Fontanesi Francesco Giacomin
- Page 285 and 286: Marianna Li Calzi Salvatore Ligrest
- Page 287 and 288: Banca SANPAOLO IMI S.p.A. Member of
- Page 289 and 290: Mischek Privatstiftung Member of th
- Page 291 and 292: The members of the Board of Statuto
- Page 293 and 294: Massimo Livatino. Degree in Economi
- Page 295 and 296: CSP Società Consortile a r.l. Chai
- Page 297 and 298: Giuseppe Verrascina Interpump Group
- Page 299 and 300: Eastern Europe. In November 2001 he
- Page 301 and 302: Group and merger with the Capitalia
- Page 303 and 304: Reninvest SA Member of the Board of
- Page 305 and 306: Fondazione Ugo Foscolo (UniCredit &
- Page 307 and 308: - on the Warsaw Stock Exchange in r
- Page 309 and 310: Person Position description Compens
5.00% 02.01.2016<br />
applicable<br />
not<br />
applicable<br />
6.70% 06.05.2018 not<br />
applicable<br />
6.10% 02.28.2012 not<br />
applicable<br />
GBP 450 494,268 not applicable Yes 1<br />
EUR 1,000 996,442 not applicable Yes 1<br />
EUR 500 498,277 not applicable Yes 1<br />
1 In the event dividends are not paid, payment of interest is suspended (deferral of interest); if losses take share capital and<br />
reserves under the minimum threshold set by the Bank of Italy for the exercising of banking business, the face value and bond<br />
interest are proportionally reduced.<br />
10.2.1. Other information<br />
Securitisations<br />
As an alternative to direct indebtedness, for the purposes of diversification of deposit sources,<br />
their obtainment under optimal conditions and capital release, the UniCredit Group performed<br />
several securitisation transactions with the objective of raising funds secured by the transfer of<br />
various types of assets.<br />
The table below shows the securitisations still in existence, with an indication of the original<br />
amount of the transaction.<br />
TRANSACTIO<br />
TRANSACTION<br />
ORIGINATOR SECURITISATION NAME SERVICER<br />
N TYPE OBJECTIVES<br />
- 261 -<br />
TYPE OF<br />
SECURITISED ASSET<br />
VALUE OF<br />
SECURITISE<br />
D<br />
PORTFOLIO<br />
(IN<br />
MILLIONS)<br />
% OF<br />
SECURITIES<br />
WITH<br />
RATINGS<br />
PLACED ON<br />
THE<br />
MARKET<br />
UniCredit TREVI FINANCE traditional UniCredit<br />
S.p.A. Financing private loans 403 100%<br />
UniCredit TREVI FINANCE 2 traditional UniCredit<br />
S.p.A. Financing private loans 287<br />
UniCredit TREVI FINANCE 3 traditional UniCredit<br />
S.p.A. Financing private loans 566 100%<br />
UniCredit CAESAR FINANCE traditional Bank of New<br />
York Financing securities 56 100%<br />
UniCredit ENTASI traditional UniCredit<br />
S.p.A. Financing securities - 100%<br />
UniCredit Leasing LOCAT SV - Serie 1 - 2008 traditional LOCAT S.p.A.<br />
UniCredit Leasing LOCAT SV - Serie 2 - 2008 traditional LOCAT S.p.A.<br />
UniCredit Leasing LOCAT SV - Serie 2006 traditional LOCAT S.p.A.<br />
UniCredit Leasing<br />
LOCAT SV - Serie 2005 (Ex<br />
Locat Securitisation Vehicle 3) traditional LOCAT S.p.A.<br />
UniCredit Leasing Locat Securitisation Vehicle 2 traditional LOCAT S.p.A.<br />
Capital release /<br />
Financing leasing 2,469 0%<br />
Capital release /<br />
Financing leasing 2,563 0%<br />
Capital release /<br />
Financing<br />
Capital release /<br />
Financing<br />
Capital release /<br />
Financing<br />
leasing<br />
leasing<br />
leasing<br />
1,353 100%<br />
852 100%<br />
871 100%
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