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UniCredit says 99.8% of 13B rights offering subscribed

Feb 27, 2017 - SNL European Financials Daily

UniCredit SpA said its 13 billion rights issue was almost fully subscribed.

During the subscription period, investors subscribed to 616,559,900 rights in respect of 1,603,055,740 new shares, representing 99.8% of the rights, for a total of 12.97 billion.

The remaining rights, relating to 0.2% of the total new shares offered, and worth 30.9 million, will be offered on the Italian Stock Exchange.

UniCredit Corporate & Investment Banking, Morgan Stanley and UBS Investment Bank ...