Iccrea lines up debut callable deal in senior market

By David Freitas, Tyler Davies
21 Sep 2020

Italian lender Iccrea Banca is expecting to add a one year call option to its latest senior deal, which could arrive in the euro market this week.

The bank, rated —/BB/BB-, has plans to issue a five year preferred senior bond, which will be callable after the first four years.

It has asked BNP Paribas, Crédit Agricole, Iccrea Banca, Intesa Sanpaolo, Mediobanca and UniCredit to arrange the sale.

They will put ...

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