The transaction in a nutshell

EQUITA assisted Banca Ifis

The strong demand from institutional investors resulted in a book covering more than 5 times the offer, with €2.1 billion orders, which allowed a spread reduction and an increase in the maximum size offering.

Client:
Banca Ifis S.p.A.
Date:
February 2024
Mandate:
Senior Preferred Bond
Role:
Joint Lead Manager
Value:
€ 400 m

The Company

Banca Ifis S.p.A. Group is an Italian banking institution mainly active in corporate credit services and solutions and acquisition/management of impaired loan portfolios. Founded in 1983 by Sebastien Egon Fürstenberg, Banca Ifis has been listed on the Milan Stock Exchange in the FTSE Italia STAR segment since 2003.