Analyst Research

Report Title Price
Provider: Reuters Investment Profile
Provider: Directors Deals Ltd.
Provider: Wright Reports
Provider: Sadif Analytics Prime

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Banca Piccolo Credito Valtellinese Sc Completes Multioriginator Securitization for EUR 1 Billion

Friday, 9 Aug 2013 12:51pm EDT 

Banca Piccolo Credito Valtellinese Sc announced that it has completed the multioriginator securitization, through its special purpose vehicle Quadrivio RMBS 2013, of a mortgages portfolio for residential purposes to families, artisans and family firms for a total of EUR 1 billion. The transaction consists of two senior tranches (class A1 and A2) of EUR 550 million and EUR 200 million respectively, listed on the Luxembourg Stock Exchange, which were awarded the rating AA+/AAA by the agencies Fitch Ratings and DBRS, and a junior tranche (class B) for a total of EUR 277.5 million. The bonds were issued at a price equal to 100% of the nominal amount and will pay a variable interest rate coupon parameterized to the Euribor for 3 months plus a spread of 0.50% for the class A1 and of 0.70% for the class A2. Both classes of securities have been fully underwritten by the banks participating in the operation namely Credito Valtellinese, Credito Siciliano and Carifano. JP Morgan Securities plc has played the role of Arranger and the Bonelli Erede Pappalardo law firm the role of Legal Advisor. 

Company Quote

-0.01 -0.80%
7:15am EDT