Fineco prices inside UniCredit with blowout AT1 debut

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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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