December 6, 2017 / 8:47 AM / 3 months ago

BRIEF-Cattolica Assicurazioni Places Subordinated 30-yr Bond of EUR 500 mln

Dec 6 (Reuters) - CATTOLICA ASSICURAZIONI:

* SAID ON TUESDAY IT HAD PLACED A SUBORDINATED 30-YEAR BOND RESERVED TO QUALIFIED INVESTORS FOR THE TOTAL AMOUNT OF EUR 500 MILLION

* MORE THAN 250 INVESTORS PLACED ORDERS FOR A TOTAL AMOUNT OF OVER EUR 3 BILLION, EXCEEDING THE TARGET BY ALMOST 7 TIMES

* INITIAL COUPON IS 4.25 PCT UNTIL THE FIRST INTEREST RESET DATE AFTER TEN YEARS, WHICH IS ALSO THE CALL DATE

* IF THE CALL IS NOT EXERCISED, THE BOND WILL BEAR A VARIABLE COUPON RATE

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Further company coverage: (Gdynia Newsroom)

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