BIT:UCGBanks
UniCredit (BIT:UCG) Valuation Check After Tier 2 Note Buyback And Active Balance Sheet Move
UniCredit (BIT:UCG) has completed a tender offer for part of its Tier 2 subordinated notes, agreeing to buy back €663,723,000 of the 2032 securities for cash, a move that directly affects its capital structure.
See our latest analysis for UniCredit.
The Tier 2 buyback comes at a time when UniCredit’s share price has risen 14.76% over the past 30 days and its 1 year total shareholder return is 36.31%. The 3 year total shareholder return is a very large multiple of the initial investment,...