Mediobanca Issues EUR500 Million in Six-Year Bail-In Bonds
Miriam Mukuru
Italian lender Mediobanca Banca di Credito Finanziario issues six-year senior non-preferred bonds worth 500 million euros ($546 million), ING sector strategist Marine Leleux said in a note.
Senior non-preferred bonds, also known as bail-in bonds, absorb losses in the event that the bank runs into financial distress. The bonds rank below a bank's senior debt.
Mediobanca has two other outstanding senior non-preferred bonds which are concentrated in the shorter end of the curve, with a maximum duration of three years, ING analysts said in a note.
Italian banks have issued EUR750 million in senior non-preferred bonds so far in 2024, compared to EUR6.75 billion issued by French banks and EUR4.5 billion by Dutch banks, ING said.
Write to Miriam Mukuru at miriam.mukuru@wsj.com
(END) Dow Jones Newswires
March 12, 2024 10:17 ET (14:17 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
What History Tells Us About the Fed’s Next Move
-
What’s Happening In the Markets This Week
-
Alphabet’s New Dividend: What Investors Need to Know
-
Going Into Earnings, Is Palantir Stock a Buy, a Sell, or Fairly Valued?
-
Going Into Earnings, Is Eli Lilly Stock a Buy, a Sell, or Fairly Valued?
-
What’s the Difference Between the CPI and PCE Indexes?
-
5 Stocks to Buy That We Still Like After They’ve Run Up
-
Markets Brief: Stocks Are Starting to Look Cheap Again
-
AbbVie Earnings: Next-Generation Immunology Drugs Help Offset Humira Biosimilar Pressure
-
Exxon Earnings: Ignore Earnings Shortfall as Long-Term Growth and Improvement on Track
-
American Airlines Earnings: We See Costs Overshadowing Market Share This Year
-
Snap Earnings: Advertising Growth and Snapchat+ Drive Monetization
-
STMicro Earnings: We Still See an Attractive Margin of Safety Despite a Poor First-Half Forecast
-
Alphabet Shares Surge on Strong Earnings, Dividend Surprise
-
Microsoft Earnings: Firm Beats Forecasts on Strong AI and Cloud Demand
-
PG&E Earnings: Near-Term Regulatory Certainty Supports Industry-Leading Earnings Growth