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Prospect News home > News index > List of issuers B > Headlines for Banca Popolare di Sondrio ScpA > News item
Published on 7/23/2019 in the Prospect News High Yield Daily.

Italy’s Banca Popolare di Sondrio talks 10-year subordinated tier 2 bank capital in 6¼% area

By Paul A. Harris

Portland, Ore., July 23 – Books opened Tuesday on a to-be-determined amount of Banca Popolare di Sondrio euro-denominated 10-year subordinated unsecured tier 2 bank capital (Fitch: expected BB) talked to yield in the 6¼% area, according to a market source.

Joint bookrunner JPMorgan will bill and deliver for the Regulation S-formatted deal. Banca IMI, BNP Paribas, Natixis, SG and UniCredit are also joint bookrunners.

The paper is set to mature on July 30, 2029 and become callable on July 30, 2024 at par.

The issuer is a bank based in Sondrio, Lombardy, Italy.


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