Italy's UniCredit takes advantage of easing financial conditions to put forth its second bond...

|By:, SA News Editor

Italy's UniCredit takes advantage of easing financial conditions to put forth its second bond issue in as many days, €750M of 5-year senior debt to follow Monday's €250M of junior paper. Today's offering is expected to price at about 255 bps over midswaps - about 15 bps less than expectations - and thus far has attracted €2.3B in demand.