Vicenza’s biggest private placement since 2005

05 Nov 2010

Banca Popolare di Vicenza sold its biggest privately placed bond since 2005 on Tuesday, in its first outing in the private placement market since March.

Vicenza’s three year note, dealt through Royal Bank of Scotland and sold at par, pays a coupon of 200bp over six month Euribor for the first two years, stepping down to 40bp over for the remainder.

Aside from a Eu500m public deal sold late in September, the deal ...

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