UniCredit takes another chunk out of 2021 TLAC plan

Tyler Davies

September 16, 2020 11:00 am

UniCredit_PA_575x375_160920 — General view of Unicredit Tower in Milan, Italy, on January 07 2020. The UniCredit Tower (Torre UniCredit) is a skyscraper in Milan, Italy. At 231 metres (758 ft), it is the tallest building in Italy. The building was designed by architect Csar Pelli and reached its full height on 15 October 2011 when the spire was attached. The building is the headquarters of UniCredit, Italy's largest bank by assets, and is part of a larger development of new residential and business structures in Milan's Porta Nuova district, near Porta Garibaldi railway station. The tower ranked eighth in the Emporis 2012, that rewards skyscrapers for excellence in their aesthetic and functional design (Photo by Mairo Cinquetti/NurPhoto) | Mairo Cinquetti/NurPhoto/PA Images

UniCredit sold a $1bn non-preferred senior bond in the dollar market this week, as it made further headway on its total loss-absorbing capacity (TLAC) plans for next year.

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Topics

Italy Senior Debt JP Morgan Wells Fargo Securities Europe Citi UniCredit EMEA FIG

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Tyler Davies