January 23, 2018 / 5:05 PM / a month ago

BRIEF-Finecobank Board Approves Issue Of Additional Tier 1 Notes For EUR 200 mln

Jan 23 (Reuters) - FINECOBANK:

* BOARD APPROVES ISSUE OF ADDITIONAL TIER1, PERP NON CALL JUNE 2023 (5.5 YRS)

* SIZE IS EUR 200 MILLION AND NOTES ARE PERPETUAL AND FULLY SUBSCRIBED BY UNICREDIT

* COUPON IS FIXED AT 4.82% FOR THE INITIAL 5.5 YEARS

* SAYS INTRA-GROUP PRIVATE PLACEMENT HAS SEVERAL BENEFITS IN TERMS OF EFFECTIVE COSTS SAVING Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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