BPER Banca Explores Possibility of Issuing AT1 Bonds
January 08 2024 - 8:46AM
Dow Jones News
By Miriam Mukuru
Italian bank BPER Banca is looking into issuing Additional Tier
1 bonds, it said on Monday.
The bank said it gave a mandate to Deutsche Bank, IMI-Intesa
Sanpaolo, Mediobanca, Morgan Stanley and UBS as joint bookrunners
to explore potential interest of institutional investors.
The bank picked Barclays as the sole structuring advisor, global
coordinator as well as joint bookrunner, it said.
AT1 bonds are a risky form of debt issued by banks to meet
regulatory capital requirements.
BPER follows European banks Credit Agricole and CaixaBank, which
offered EUR1.25 billion and EUR750 million, respectively, in AT1
bonds last week, the first banks to enter the European primary AT1
bond market in 2024.
Write to Miriam Mukuru at miriam.mukuru@wsj.com
(END) Dow Jones Newswires
January 08, 2024 08:31 ET (13:31 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
Bper Banca (BIT:BPE)
Historical Stock Chart
From Nov 2024 to Dec 2024
Bper Banca (BIT:BPE)
Historical Stock Chart
From Dec 2023 to Dec 2024
