Mediocredito Centrale, the last 100% government owned bank in Italy, has signed a Eu2bn Euro-MTN programme in a move signalling the borrower's imminent arrival in the international capital markets. JP Morgan has arranged the facility. Like many other European issuers which have previously limited their borrowing to their domestic markets, Mediocredito has decided the time has come to position its credit in the European market.
August 28, 1998