Intesa splits AT1 needs with dual-trancher in euros

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Intesa splits AT1 needs with dual-trancher in euros

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A branch of the Italian Intesa SanPaolo Bank is seen on 6 February, 2017. (Photo by Jaap Arriens/NurPhoto) *** Please Use Credit from Credit Field *** | NurPhoto/NurPhoto/PA Images

Intesa Sanpaolo chose to split an additional tier one (AT1) deal into two tranches on Thursday, with one eye on the secondary performance of the bonds and the other on the maturity profile of its debt capital stock.

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