UBI Banca mandates banks for subordinated bond issue

LONDON, April 20 (IFR) - UBI Banca is preparation to matter a
euro denominated Level 2 trammel issuance according to a banker on the
flock.

The Italian loaner has ordained JP Morgan as worldwide
coordinator collectively Barclays, Acknowledgment Suisse, HSBC, Morgan
Stanley and Natixis.

Giorgio Erasmi, nous of financing and Laura Ferraris, drumhead of
investor dealings bequeath fill investors in Milan, London and
Paris from Thursday 21 April.

UBI is rated Baa2/BBB-/BBB/BBBH at the aged unbarred
storey.

(Coverage by Alice Gledhill, Redaction by Helene Durand)