BPCE and Banca Farmafactoring tap into euro senior demand

By David Freitas
16 Oct 2019

BPCE and Banca Farmafactoring launched senior deals this week, with both issuers enjoying healthy receptions to their offerings. BPCE’s non-preferred mandate drew over €2.75bn of orders and the Italian issuer saw its preferred bond attract €850m at the spread level.

On Wednesday morning Banca Farmafactoring (BFF) announced a €300m long three year preferred senior bond offering, while BPCE marketed seven year non-preferred senior notes.

The Italian lender had benefited from roadshows which started on October 9 and ended Tuesday, having mandated Banca IMI, Citi and

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