BPCE and Banca Farmafactoring tap into euro senior demand
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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