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Banca IFIS: new non-performing loan transactions

Mestre (Venice), 13 November 2017 – Banca IFIS announces that it has completed an operation involving the purchase of non-performing loans, as well as the sale of a number of remainders of portfolios in the NPL sector.   The purchase relates to an unsecured, consumer loan portfolio for a nominal… Read More

Fitch Rates Banca IFIS’s EUR400m Subordinated Tier 2 Notes ‘BB’

Fitch Ratings-Milan/London-12 October 2017: Fitch Ratings has assigned Banca IFIS’s (IFIS, BB+/Stable/bb+) EUR400 million subordinated Tier 2 issue (ISIN: XS1700435453) a final rating of ‘BB’. The final rating is line with the expected rating, which Fitch assigned to the notes on 6 October 2017 (see ‘Fitch Rates IFIS’s Subordinated Tier… Read More

Banca IFIS, successful placement of its first Tier 2 subordinated bond

Mestre (Venice), 10 October 2017 –  Today Banca IFIS (rating Fitch BB+, outlook stable) has successfully completed the Placement of its first Tier 2 subordinated bond, for an amount much higher than expectations. The issue involves a Tier 2 subordinated bond, having a 10 year maturity callable after 5 years… Read More

Banca IFIS, deed of merger of Interbanca into Banca IFIS signed

Milan, 3 October 2017 – The deed of merger by incorporation of Interbanca S.p.A. into Banca IFIS S.p.A. has been signed today, effective as of 23 October 2017. Through this merger, which takes place almost 11 months after the former Interbanca Group’s acquisition, a supplementary block of the acquired Group… Read More

Banca IFIS intends to issue a Tier 2 subordinated bond

Venice (Mestre), 2 October 2017 – Banca IFIS (rating Fitch BB+, outlook stable) has mandated Nomura, UBS and Unicredit to arrange, in the next days, a series of investor meetings finalized to evaluate a possible Tier 2 subordinated sub-benchmark bond issue, in Euro, expiration 10 years, callable after 5 years,… Read More