Unicredit buys up 4.24 bln euros of debt

MILAN, April 30 Tue Apr 30, 2013 3:48am EDT

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MILAN, April 30 (Reuters) - Unicredit has bought back senior notes worth 4.24 billion euros ($5.55 billion) to cut debt due in 2015-2017 and improve the use of its liquidity, it said on Tuesday.

Italy's biggest bank by assets launched the buy-back on April 8. The amount bought is higher that the 4 billion euros initially indicated by UniCredit. ($1=0.7634 euros) (Reporting by Francesca Landini; Editing by Greg Mahlich)