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Italy's UniCredit to price subordinated bonds privately
By Andrea Heisinger
New York, April 23 - UniCredit SpA is expected to sell tier 2 subordinated bonds under Regulation S, a market source said on Tuesday.
The bonds (Baa2/BBB+/BBB+) are expected to price Wednesday after the books stay open overnight to take advantage of Asian and European investor interest, the source said.
Bookrunners are BNP Paribas Securities Corp., Citigroup Global Markets Inc. and UniCredit.
The banking and financial services company is based in Rome and Milan, Italy.
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