UniCredit invites 10 banks for cash call consortium
UniCredit, Italy's biggest bank by assets, has invited 10 banks (Bank of America Merrill Lynch, JP Morgan, Mediobanca, Morgan Stanley, UBS, Citibank, Credit Suisse, Deutsche Bank, Goldman Sachs and HSBC) to form a cash call consortium for its February multi-billion euro capital increase, according to two sources close to the matter. Other sources have previously claimed that UniCredit is looking to raise between €10bn-13bn ($10.6bn-13.8bn) through the share issue.

UniCredit invites 10 banks for cash call consortium - sources

MILAN, Nov 29 (Reuters) - Italian lender UniCredit has sent invitation letters to 10 banks to form the consortium for its planned multi-billion euro capital increase that should be launched in February, two sources closed to the matter said on Tuesday.

Bank of America Merrill Lynch, JP Morgan, Mediobanca, Morgan Stanley and UBS are tipped as joint global coordinators, the sources added, confirming an earlier report by Italian daily Il Messaggero.

The people added that Citibank, Credit Suisse , Deutsche Bank, Goldman Sachs and HSBC were contacted to become the cash call's co-global coordinators.

Deutsche Bank, Goldman Sachs and HSBC could not immediately be reached for comment, while the others declined to comment.