UniCredit lines up as KfW backs SMEs

UniCredit is said to be lining up a new issue from its Geldilux SME programme, which could be priced as soon as Friday, perhaps with KfW backing. Details could not be confirmed as EuroWeek went to press, but if the deal is sold to the market, the spread will certainly be above the 96bp level achieved by the last Geldilux in September 2010.