UPDATE 2-Weak trading, bleak commissions drag profits drown for China's brokers
* 2017 bright spots include bonds, IPOs, M&A (Recasts with overview on brokerages; adds background on other brokerages)
MILAN Feb 3 Italian troubled lender Banca Popolare di Vicenza said on Friday it had issued a bond for 3 billion euros ($3 billion) guaranteed by the state.
The note pays a 0.5 percent coupon and matures on Feb. 3, 2020, the bank said in a statement, adding it subscribed the bond and could sell it on the market or use it as a collateral when seeking loans from others.
The state guarantee is seen as a tool to help the bank fund itself on the market and counter a drop in current account deposits while it tries to restructure its operations and merge with rival Veneto Banca. ($1 = 0.9311 euros) (Reporting by Francesca Landini; editing by Agnieszka Flak)
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