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Unicredit to close bond buyback today, earlier than announced
April 11, 2013 / 6:51 AM / 4 years ago

Unicredit to close bond buyback today, earlier than announced

MILAN, April 11 (Reuters) - Unicredit said on Thursday it will close a bond buyback today at 1400 GMT, earlier than announced, as it has already received offers worth 3.2 billion euros ($4.19 billion).

Italy’s biggest bank by assets launched the buy back on April 8 and said it aimed to purchase up to 3.5 billion euros of its senior bonds.

The move is meant to reduce debt coming due in the 2015-2017 period and improve the use of the liquidity.

$1 = 0.7642 euros Reporting by Francesca Landini; Editing by Lisa Jucca

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