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Financials

Italy's UBI launches first Additional Tier 1 bond

MILAN, Jan 13 (Reuters) - Italy’s fifth-largest lender UBI Banca said on Monday it was launching an Additional Tier 1 bond in euros, its first such issue.

Refinitiv’s IFR service reported the issue, worth 400 million euros, would be priced later on Monday. The initial price indication was for a yield of around 6.5%.

Reporting by Valentina Za, editing by Giulia Segreti

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