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.
Grafico Azioni Bper Banca (BIT:BPE)
Storico
Da Nov 2024 a Dic 2024 Clicca qui per i Grafici di Bper Banca
Grafico Azioni Bper Banca (BIT:BPE)
Storico
Da Dic 2023 a Dic 2024 Clicca qui per i Grafici di Bper Banca