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NIBC wraps up buyback, Mediobanca pulls back from 2014 maturity cliff

Two banks, two different debt burdens being tackled. NIBC Bank hit the €1bn cap on its buyback of government guaranteed debt on Thursday, while Mediobanca on Wednesday launched a tender offer for more than €6bn of senior unsecured bonds in an effort to reduce a debt burden concentrated around the 2014 maturity.

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