Italy's Alto Adige prepares for debut covered bond
Debut Italian covered bond issuer Banca Popolare dell’Alto Adige, which is based in South Tyrol and is more commonly known as Volksbank, has mandated leads for a roadshow ahead of a planned deal.
The Italian issuer has mandated Erste Group, Société Générale and UniCredit for a roadshow that is due to start on Friday, October 11 and finish on Tuesday, October 15.
The issuer plans a sub-benchmark Obbligazioni Bancarie Garantite, or Italian covered bond, with an intermediate maturity.
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