The Italian bank UniCredit has made its first ABS tender offer since 2010 to repurchase up to  €1 billion ($1.28 billion) of its Italian RMBS and lease ABS bonds.

The cash offer is due to expire on Sept.r 24, 2012 with the results likely to be announced the next day. According to the tender offer notice, settlement is expected to be on 27 September 2012.

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