Issuer: Ambroveneto International Bank
Amount: $500 Million
Issue type: floating-rate note
Launched: December 3
Bookrunner: Barclays Capital; UBS
As Christmas presents go, this could not be more welcome for each of the players involved. The issuer, Banco Ambrosiano Veneto (BAV) through its Cayman Islands subsidiary, needed to have the final piece of its financing jigsaw in place for its acquisition of Cariplo early in the new year. For Barclays Capital, still in the process of redefining its role after the sale of Barclays’ equities and advisory businesses, an innovative, successful deal was just the boost it needed.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
