Intesa reveals Eu5bn rights terms, banks
Intesa Sanpaolo will sell Eu5bn of new shares at a 24% discount to the theoretical ex-rights price it said on Friday as it revealed the terms for its rights issue. The deal, for which Intesa announced plans at the beginning of April, will add 150bp to the bank’s capital ratios, taking it to around 9% on a fully-diluted basis under Basel III.
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