Carige sets pricing indications on LT2 exchange
Cassa di Risparmio di Genova e Imperia (Banca Carige) set the terms on Wednesday on a lower tier two for lower tier two exchange offer that it had announced on Tuesday.
The bank is seeking to buy back its outstanding Eu500m 2016 non-call 2011 lower tier two at 95% of par, which is a premium of about two to three points against where the bonds were in the secondary market, although the issue was quite illiquid.Carige is offering investors ...
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: email@example.com