Popolare bites Eu2bn equity bullet for Basel
Italy’s Banco Popolare secured a hard underwriting commitment from five banks for a Eu2bn capital increase likely to be launched early next year, the bank said on Sunday night. Investors reacted positively to the news, marking the shares down just 4% despite the near doubling of the issuer’s share capital the deal will entail.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: