The notes will be issued in tranches, each tranche consisting of notes, which are identical in all respects. They, however, nay have different issue dates, interest commencement dates, issue prices and date for the first interest payments. Each tranche will have identical terms in every respect, except such things as issue date, first payment of the interest or the issue price. The notes may be issued in lei, euros, or US dollars, and the maximum maturity of each issue is 10 years. The interest may be fixed, variable or a mix of the two.
The specific terms of each tranche will be determined at the time of offering of such tranche based on then prevailing market conditions and will be set forth in the applicable final terms, published on the Bucharest Stock Exchange and UniCredit’s websites.
The bank plans to have the notes admitted to trading on the regulated market of the Bucharest Stock Exchange, after issuance and after having secured the Bucharest Stock Exchange’s approval. The proceeds will be used for general funding purposes of the bank.
(English version by Loredana Fratila-Cristescu)