April 5, 2017 / 9:24 AM / 7 months ago

Italy's Creval seen marketing 150 mln euro junior bond, 8.5 pct coupon

MILAN, April 5 (Reuters) - Italian mid-sized bank Credito Valtellinese is offering a subordinated bond worth 150 million euros ($160 million) with a 10-year maturity and an 8.5 percent coupon, market sources said.

One of the sources said the issue was a “club deal” and would be offered to a group of investors.

Credito Valtellinese had tried to boost its Tier2 capital with a subordinated debt issue back in September but had not managed to place the bond after holding a roadshow to present it to investors. ($1 = 0.9371 euros) (Reporting by Valentina Za and Giulio Piovaccari, editing by Francesca Landini)

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