Italian Bank Closes First Covered Bond Of 2010

Milan, Italy-based Banco Popolare has closed its first benchmark €1 billion ($1.36 billion) covered bond of 2010, a seven-year deal from its BP Covered Bond programme.

  • 03 Mar 2010

-- Daniel O’Leary

Milan, Italy-based Banco Popolare has closed its first benchmark €1 billion ($1.36 billion) covered bond of 2010, a seven-year deal from its BP Covered Bond programme. Fitch Ratings has assigned a AAA rating to the deal.

While rating the bonds, Fitch noted the strong credit strength of ...

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