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GC Asia
Vicenza might consider placing Berica mezz in follow-on
Banca Popolare di Vicenza could follow its successful sale of €835.4m of senior notes on Monday with a secondary sale of the mezzanine tranche, said Paolo Altichieri, head of global markets at the firm.
The class 'B' was structured with a 225bp over Euribor coupon, which looks close to market, though without any post-crisis Italian RMBS mezzanine placed, comparisons are limited.
“Our intention was not to sell the 'B' class in the primary market,” said Altichieri. “Anyway, due to the positive market ...Already a subscriber? Login
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