Credito Valtellinese to launch subordinated lower tier II bond issue for € 150 million. Caboto to act as sole bookrunner for bond offering
Credito Valtellinese has launched a subordinated lower tier II bond issue on the Euro market entrusting Caboto to act as sole bookrunner for the offering. Terms and conditions of subordinated lower tier II bond offering are as follows. Issue Amount: 150 million euros; Maturity Date: 2013; Bookrunner: Caboto; advance redemption of bonds (optional): 2008; variable rate.
With a banking network consisting of 301 branch offices serving most areas in Lombardy, Sicily, Tuscany and Latium and net assets for € 9,430.56 , the Credito Valtellinese Group is made up of four retail banks, two specialized banks, a company involved in the collection of taxes and three service companies providing support to its banking core business. Credito Valtellinese offers a wide range of products and services related to asset management, private banking, corporate finance, remote banking, bank insurance, as well as information technology and real estate management. The Group's clientele is mainly composed of small and medium sized companies, craftsmen and families. Over the last few years, the Group has grown rapidly, being able to anticipate those effects produced by the evolution of IT to meet the needs of the Internet era, both in terms of corporate organization and operating policies.
Subordinated lower tier II bond offering launched by Credito Valtellinese and Caboto attracted many more institutional investors than originally expected.
For further information:
Credito Valtellinese, Raffaella Premoli
Caboto, Martina Musajo
Phone +39 (0)2 8021 5943
Mobile +39 335 5750756
www.intesabci.it
www.caboto.it
Phone +39 (0)2 8063 7403
