UniCredit eyes dollars for T2 return after Popular writedown

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UniCredit eyes dollars for T2 return after Popular writedown

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A logo sign outside of the headquarters of the UniCredit Group in Milan, Italy on September 3, 2016. Photo by Kristoffer Tripplaar | Kris Tripplaar/SIPA USA/PA Images

UniCredit was looking to extend its global reach with a new dollar tier two on Monday, following last week’s ‘big shock’ for the market when all of Banco Popular’s tier two debt was effectively written down.

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