UniCredit brings buyback total to €569m

30 Sep 2012

UniCredit bought back another €95m of RMBS from the four tranches for which it extended tender offer deadlines, bringing the total amount of notes accepted to €667m at a price of €569m.

Investors tendered a total of €1.1bn out of €5.7bn RMBS outstanding across 22 tranches. The €569m of repurchased bonds gave UniCredit a capital gain of €98m.

UniCredit extended the deadline for holders of Cordusio 1C, 2C, 4C and 4D to decide whether to submit offers, after Fitch downgraded ...

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