Italian AT1s pile up as Banco BPM gets away with no NIP

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Italian AT1s pile up as Banco BPM gets away with no NIP

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Closeup of Italy on a map and Euro coins | zimmytws - stock.adobe.com

Banco BPM did not need to pay a new issue premium to follow UBI Banca with the sale of an additional tier one (AT1) on Tuesday, as Italian banks make the most of an 'issuer's market' at the beginning of 2020.

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