Banco BPM lines up T2 in quiet market

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By David Freitas
07 Sep 2020

Banco BPM opened books for a new tier two on Monday, as it looked to take advantage of supply and demand dynamics in a quieter September than usual.

Banca Akros, Barclays, Crédit Agricole, Goldman Sachs, Intesa Sanpaolo and Morgan Stanley were the bookrunners for the issuer's 10 year non-call five transaction.

They started the pricing at 5.125% area on Monday morning, with the size already fixed at €500m from the outset.

The ...

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