UniCredit to price USD1.25bn Additional Tier 1 bond

Thu Mar 27, 2014 10:10am EDT

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LONDON, March 27 (IFR) - UniCredit is poised to price Italy's first Additional Tier 1 bond - a USD1.25bn perpetual non-call 10-year offering that offers investors an 8% coupon, according to a lead manager.

Investor orders reached USD8bn at the final book update. (Reporting by Aimee Donnellan, editing by Anil Mayre)