BRIEF-Creval approves two bond issues

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MILAN, June 9 | Tue Jun 9, 2009 11:55am EDT

MILAN, June 9 (Reuters) - Italian bank Credito Valtellinese (PCVI.MI) said in a statement on Tuesday:

* Board approves Tremonti bond issue for 200 million euros ($277.5 million)

* Board also approves convertible bond issue for up to 625 million euros

(Reporting by Danilo Masoni)

($1=.7208 Euro)

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