(Finance) – Credem intends to exercisevoluntary call option on the subordinated loan for an amount equal to 100 million euros “Fixed to Floating Rate Subordinated Tier 2 Callable Notes” (ISIN XS1644438928) and to proceed with the full repayment of the amount of all the securities outstanding at the effective date of the call (10 July 2022), in accordance with the supervisory regulations that it would otherwise reduce the patrimonial benefits.
Credito Emiliano will make, a note reads, for the benefit of all bondholders the formal notifications required by current legislation and by the terms and conditions governing the issue. The Total Capital Ratio in March 2022, prudently, it already understood the effects of this reimbursementstanding at 15.5%, well above the regulatory threshold (equal to 11.5%).