UniCredit blows out in AT1 as it backs new P2 composition
UniCredit was greeted with more than €7bn of demand for a new additional tier one in the euro market on Wednesday, as the bank appeared to take its first steps towards including subordinated debt as part of its stack of Pillar 2 capital.
The bookrunners began the pricing for the deal in the 4.625% area, at which level they were quickly swamped with orders.With the support ...
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