Vicenza might consider placing Berica mezz in follow-on

Banca Popolare di Vicenza modern building
By Owen Sanderson
26 Jun 2014

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?

Continue reading this article

Try full access to GlobalCapital

Free trial

Want to learn more? View subscription options