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UniCredit bondholders say they got coupon bank pledged to skip: Bloomberg News

  • Holders of the 2.98 billion euro ($3.6 billion) bonds received the notification on Tuesday, according to the report.
26 May, 2021

A few days after UniCredit decided to skip the payment of coupons on some financial instruments, some bondholders received notice of a coupon payment, Bloomberg News reported on Tuesday, citing two people familiar with the matter.

Holders of the 2.98 billion euro ($3.6 billion) bonds received the notification on Tuesday, according to the report.

Despite the notice, UniCredit confirmed its decision not to settle the coupon, the report said, citing a spokesperson for the bank. UniCredit did not immediately respond to a Reuters request for comment.

Unicredit, Italy's No. 2 bank, has withheld coupon payments on the CASHES notes in the past after ending the year in the red, but the latest decision, taken by new Chief Executive Andrea Orcel, took bond investors by surprise.

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