Italy bank eyes US$10b bond sale

A sign is seen on the front of a UniCredit Banca SpA bank, a subsidiary of UniCredit SpA, in Milan, Italy. UniCredit SpA, Italy's biggest bank, plans to raise as much as 7.5 billion euros (US$10.3 billion) by selling new shares to boost capital. UniCredit's board approved the stock offering at a meeting yesterday, the Milan-based company said in a statement. The bank also reported a 10.6-billion-euro loss for the third quarter.


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