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Banco Popolare Prices €2B Cap Hike
Banco Popolare has set a price of €1.77 per share for its €2 billion planned capital increase.
Banco Popolarehas set a price of €1.77 per share for its €2 billion planned capital increase,The Wall Street Journalreports. The proceeds from the capital increase will be used to repay €1.45 billion in government-sponsored bonds.
The issue is guaranteed by a bank consortium, in whichMediobancaandBank of America Merrill Lynchare global coordinators.Credit Suisse,Deutsche BankandGoldman Sachsare the bookrunners of the offering.
Click here for the story fromThe Wall Street Journal.
Click here for the additional coverage fromReuters.