BPER Banca Explores Possibility of Issuing AT1 Bonds
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.-
Never Mind Market Efficiency: Are the Markets Sensible?
-
Starbucks Stock Could Use a Pick-Me-Up After Big Selloff; Is it a Buy?
-
5 Cheap Stocks to Buy From an Attractive Part of the Market
-
Markets Brief: All Eyes On Inflation
-
5 Things We Learned From the Q1 Earnings Season
-
After Earnings, Is Palantir Stock a Buy, a Sell, or Fairly Valued?
-
What’s Happening In the Markets This Week
-
Can the Fed Declare Victory on Inflation?
-
3 Warren Buffett Stocks to Buy After Berkshire Hathaway’s Just-Released 13F Filing
-
Going Into Earnings, Is Nvidia Stock a Buy, a Sell, or Fairly Valued?
-
After Earnings, Is Arista Stock a Buy, a Sell, or Fairly Valued?
-
A Cheap Dividend Aristocrat to Buy Before It Bounces Back
-
Alibaba Earnings: More Positive Outlook Despite Mixed Results
-
After Earnings and a 56% Rally In 2024, Is Arm Stock a Buy, a Sell, or Fairly Valued?
-
How Morningstar Rates Stocks
-
After Earnings, Is Disney Stock a Buy, a Sell, or Fairly Valued?