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UBI Banca launches $750M bond

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UBI Banca launches $750M bond

Unione diBanche Italiane SpA launched a $750 million subordinated Tier 2offering.

The 10-year offering is callable after five years.The notes, with an issue price of 100%, carry a coupon of 4.25%.

J.P. Morgan acted as global coordinator, with Barclays,Credit Suisse, HSBC, Morgan Stanley and Natixis joining it as joint bookrunners for the issuance.