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UBI Banca sets size of hybrid Tier 2 bond at 500 mln euros
March 8, 2017 / 3:56 PM / 5 months ago

UBI Banca sets size of hybrid Tier 2 bond at 500 mln euros

MILAN, March 8 (Reuters) - Italy's UBI Banca has set the size of a hybrid Tier 2 bond it launched on Wednesday to boost its capital at 500 million euros ($528 mln) after the issue drew orders for more than 1.1 billion euros, a financial source said.

The bond, which has a 10 year maturity with a call option after five and a half years, has been priced to yield 4.5 percent.

$1 = 0.9474 euros Reporting by Giulio Piovaccari, writing by Valentina Za, editing by Luca Trogni

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