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Back BPER Banca colloca con successo l’emissione di un bond senior non preferred per Euro 500 milioni
BPER Banca
BPER Banca successfully places Euro 500 mln senior non-preferred bond issuance
BPER Banca (issuer rating Ba1/BB+/BBB) has successfully placed its inaugural fixed-to-floating Senior Non-Preferred Bond issuance for an amount of EUR 500 million with 5-year maturity and a call after year 4, targeting institutional investors. The issuance follows a book building process that gathered strong demand for more than EUR 2 billion from 200 investors globally. Thanks to this, the initial guidance of 400 bps over the 4-year mid-swap rate has been revised downwards to 360bps, resulting in a fixed coupon of 6.125% paid annually, with a re-offer price of 99.847%.
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