UniCredit Accepts €4 Bln Of Tendered RMBS

09 Feb 2010

Italy-based UniCredit Group has bought back about €4 billion ($5.51 billion) of its €5 billion ($6.9 billion) tender of German and Italian residential mortgage-backed securities.

-- Daniel O’Leary

Italy-based UniCredit Group has bought back about €4 billion ($5.51 billion) of its €5 billion ($6.9 billion) tender of German and Italian residential mortgage-backed securities. Ralf Brech, Munich, Germany-based director asset-backed securities syndication at UniCredit, said the tender will optimize the bank’s balance sheet and show ...

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