Banco Popolare dives in ahead of peers with €1.5bn capital raise
Banco Popolare will open subscriptions on a long awaited €1.5bn rights issue on Monday, ahead of a slew of other banks also preparing deals before the European Banking Authority begins its stress tests.
The subscription period will run from March 31 to April 17. Rights can be traded from March 31 until April 10.
Rights that are not used will be sold by the company in the month after subscriptions close, in keeping with practice in Italian rights issues.The company ...