Banca IFIS today successfully completed the pricing of its first senior bond issue, equal to 300 million, intended for qualified investors. The United States of America and any other country in which the offer or sale of the bonds is prohibited under the applicable law or to persons resident therein were excluded from the placement.
They were collected orders from approximately 70 institutional investors globally, with a strong representation of Italian investors, and orders from Continental Europe and the United Kingdom. The types of investors allocated include asset managers, banks, private banks and insurance companies.
“With the issue of the first bond, Banca IFIS is adding a piece to its growth path” he said Giovanni Bossi, Chief Executive Officer of Banca IFIS. "The diversification of funding sources is aimed at allowing the institute to achieve the growth objectives presented in the 2017-2019 strategic plan, in particular in support of development towards companies exposed to the private and public sector".
