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UniCredit to price Additional Tier 1 bond with 8% coupon
March 27, 2014 / 12:16 PM / 4 years ago

UniCredit to price Additional Tier 1 bond with 8% coupon

LONDON, March 27 (IFR) - UniCredit is poised to price a US dollar benchmark Additional Tier 1 bond with an 8% coupon having received investor orders in excess of USD8bn, according to a market source.

The bond was initially marketed in the low 8% area in Asia, which was later revised to 8.25% area and then again to 8-8.25% area as orders topped USD6.5bn. Pricing is expected later today. (Reporting by Aimee Donnellan, editing by Anil Mayre)

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