1251 GMT - Italian bank UniCredit is expected to redeem its additional tier 1 $(AT1.AU)$ bond which has a call date on June 3, 2025, ING's Suvi Kosonen says in a note. The bond has underperformed in asset swap terms in the past week and closed above 15% on Monday, ING says. The bank is less likely to issue a new AT1 bond to refinance the upcoming maturity, considering it raised 1 billion euro ($1.09 billion) in AT1 bond supply in February, Kosonen says. "We would expect the bank to continue to cement its strong reputation." (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
April 08, 2025 08:51 ET (12:51 GMT)
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