UNICREDIT/ Completed the transfer of 2.2bn euros Claim amount of a NPL Portfolio to Olympia

Milan, November 29, 2021 (LF) - As part of its program to finalise the non-core portfolio run-down, UniCredit successfully completed the transfer of 2.2bn euros Claim Amount of a Npl Portfolio including both secured and unsecured loans to a securitisation vehicle (Olympia) with the transaction structured by UniCredit Bank AG as Sole Arranger. This is the third Gacs (Garanzia sulle Cartolarizzazioni delle Sofferenze) transaction for UniCredit and the fourth for UniCredit Group. Olympia issued three classes of notes: 261mln euros senior note, 26,1 mln euros mezzanine note and 2,9 mln euros junior note. The senior notes are rated Baa2/BBB/BBB by Moody’s, S&P and Scope respectively. UniCredit has just accepted the binding offer to dispose 95% of the mezzanine and junior notes to a financial institution not belonging to UniCredit Group, while retaining the minimum 5% net economic interest in OLYMPIA as required by regulation for originators.