On Air Now

Listen

Listen Live Now » 101.9 FM Central Wisconsin

Weather

Current Conditions(Wausau,WI 54403)

More Weather »
53° Feels Like: 53°
Wind: NW 16 mph Past 24 hrs - Precip: 0.18”
Current Radar for Zip

Today

AM Showers 60°

Tonight

Clear 41°

Tomorrow

Partly Cloudy 67°

Alerts

Unicredit offers to buy back senior bonds for up to 3.5 billion euros

A Unicredit bank logo is seen in Rome November 15, 2011. REUTERS/Stefano Rellandini
A Unicredit bank logo is seen in Rome November 15, 2011. REUTERS/Stefano Rellandini

MILAN (Reuters) - Unicredit , Italy's biggest bank by assets, said on Wednesday it will buy back senior bonds for up to 3.5 billion euros ($4.5 billion).

The bank aims to reduce debt that will come due in the 2015-2017 period and to better use its liquidity.

The offer to purchase the bonds will start on April 8 and end on April 24, the lender said, adding it could, however, end the offer early, extend it or even reopen it.

(Reporting by Francesca Landini, editing by Jennifer Clark)

Comments