March 26, 2014 / 10:37 AM / 4 years ago

Unicredit hybrid bond seen yielding more than 7 pct-sources

MILAN/LONDON March 26 (Reuters) - Unicredit is set to launch a new hybrid dollar-denominated bond on Thursday, after completing a road show in Asia and Europe, shrugging off concerns about higher volatility amid tensions in Ukraine, sources close to the deal said.

The perpetual Additional Tier 1 bond is likely to yield more than 7 percent, according to the sources.

Italy’s biggest bank by assets will use the issuance to boost its capital base.

Reporting by Helene Durand and Giulio Piovaccari, writing by Francesca Landini; Editing by Lisa Jucca

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