(Alliance News) - Banca Popolare di Sondrio Spa announced Monday the launch of a cash repurchase offer of its fixed-rate subordinated bond with a total outstanding nominal amount of EUR200.0 million maturing on July 30, 2029.

The bank also announced the issuance of a fixed-rate bond named "EUR5.00 billion Euro Medium Term Note Program," intended for institutional investors in Italy and abroad excluding the US.

The bank will apply for listing and trading of the new securities on the regulated market of the Luxembourg Stock Exchange.

Banca Popolare di Sondrio is up 1.9 percent at EUR7.22 per share.

By Chiara Bruschi, Alliance News reporter

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