April 23, 2013 / 2:01 PM / 4 years ago

Italy's UniCredit to sell USD Tier 2 bond

LONDON, April 23 (IFR) - Italy’s UniCredit, rated Baa2/BBB+/BBB+, said on Tuesday it plans to sell a US dollar denominated Tier 2 subordinated bond, having mandated BNP Paribas, Citi and UniCredit as lead managers.

The Reg S 10-year bond, which will have a one time call in five years’ time, could price as soon as Wednesday, one of the banks managing the deal said.

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