.png){kind=logo}
GC Asia
Banco BPM lands new AT1 on top of IPTs
Banco BPM was unable to tighten through initial price thoughts for a new additional tier one on Tuesday, as it looked to maximise its regulatory allowance for the asset class.
The Italian lender, rated at a speculative grade of Ba2 by Moody’s, was marketing a new perpetual non-call five year AT1 in the euro market.
BookrunnersBanca Akros, Barclays, BNP Paribas, Citi, Goldman Sachs, Mediobanca and UBS started the pricing in the 6.5% area.
After building ...Already a subscriber? Login
-
Latest news from FIG
-
Asia DCM: Sofr transition needs fresh push
07.15 AM -
BPCE returns to tap ultra-long end with covered deal
08 Mar 2021 -
Créd Ag Italia reaches single digit spread with green covered debut
08 Mar 2021 -
Banks take careful issuance approach ahead of crucial ECB meeting
08 Mar 2021 -
Leeds plots sterling return for non-pref debut
08 Mar 2021
-
-
Latest news from FIG
-
Asia DCM: Sofr transition needs fresh push
07.15 AM -
BPCE returns to tap ultra-long end with covered deal
08 Mar 2021 -
Créd Ag Italia reaches single digit spread with green covered debut
08 Mar 2021 -
Banks take careful issuance approach ahead of crucial ECB meeting
08 Mar 2021 -
Leeds plots sterling return for non-pref debut
08 Mar 2021
-
