Banca Agricola Mantovana (BAM), a northern Italian retail and commercial bank, is to sign a Eu1.5bn Euro-MTN programme and has mandated BNP Paribas as arranger. An official at BAM said the deal would be signed in the next two weeks, probably on April 20. In the past BAM has relied on profits from its banking operations for short term funding requirements, and domestic bond issues for medium term funds. The BAM official said that the MTN programme would raise the bank's international profile.
April 14, 2000
