Fineco prices inside UniCredit with blowout AT1 debut

By Tyler Davies
11 Jul 2019

FinecoBank was more than nine times subscribed for its first ever sale of an additional tier one instrument on Thursday, despite pricing the deal at a level that was lower than what might have been expected for a similar offering from UniCredit, its former parent.

Fineco hired BNP ParibasUBSand UniCreditas the bookrunners for the perpetual non-call December 2024 AT1.

The Italian issuer had initially signalled its intention to raise €200m on its debut in the asset class. But after fielding significant demand for a larger deal during the course of a roadshow ...

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