BIT:UCGBanks
A Look At UniCredit (BIT:UCG) Valuation After Its Large Subordinated Debt Tender Offer
UniCredit (BIT:UCG) has just completed a sizeable tender offer for its subordinated Tier 2 notes, agreeing to buy back €663,723,000 of the €1.25b issue, a move that directly affects both bondholders and shareholders.
See our latest analysis for UniCredit.
The tender offer comes after a powerful multi year run, with UniCredit delivering a 36.26% total shareholder return over the past year and a very large 3 year total shareholder return. The stock’s 30 day share price return of 14.74% suggests...