Reuters logo
Unicredit offers to buy back senior bonds for up to 3.5 bln euros
April 3, 2013 / 9:47 AM / in 5 years

Unicredit offers to buy back senior bonds for up to 3.5 bln euros

MILAN, April 3 (Reuters) - Unicredit, Italy’s biggest bank by assets, said on Wednesday it will buy back senior bonds for up to 3.5 billion euros ($4.5 billion).

The bank aims to reduce debt that will come due in the 2015-2017 period and to better use its liquidity.

The offer to purchase the bonds will start on April 8 and end on April 24, the lender said, adding it could, however, end the offer early, extend it or even reopen it. ($1 = 0.7789 euros) (Reporting by Francesca Landini, editing by Jennifer Clark)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below