Issuer: Banca Sella S.p.A.
Issuer Senior Rating: BBBL (DBRS, Stable)
Exp. Issue Rating: BB (DBRS)
Status / Ranking: Dated Subordinated, Tier 2
Format: 10NC5 Reg S Bearer. CRD IV compliant
Issue Size: EUR 100 MM
Settlement: [22] September 2017
Maturity Date: [22] September 2027
Issuer Call Date: [22] September 2022, one time call at the option of the issuer subject to regulatory approval
IPT: high 5% area
Coupon: [*] (Fxd, Annual, ACT/ACT). One time reset after year 5
to prevailing 5Y MS + initial margin
Initial Margin: [*]bps which is the original reoffer spread
Regulatory/Tax Call: Applicable/Applicable, subject to regulatory approval at Par
Law: English Law, save for subordination provision (Italian law)
Denoms: EUR 100k + 1k
Issuer Senior Rating: BBBL (DBRS, Stable)
Exp. Issue Rating: BB (DBRS)
Status / Ranking: Dated Subordinated, Tier 2
Format: 10NC5 Reg S Bearer. CRD IV compliant
Issue Size: EUR 100 MM
Settlement: [22] September 2017
Maturity Date: [22] September 2027
Issuer Call Date: [22] September 2022, one time call at the option of the issuer subject to regulatory approval
IPT: high 5% area
Coupon: [*] (Fxd, Annual, ACT/ACT). One time reset after year 5
to prevailing 5Y MS + initial margin
Initial Margin: [*]bps which is the original reoffer spread
Regulatory/Tax Call: Applicable/Applicable, subject to regulatory approval at Par
Law: English Law, save for subordination provision (Italian law)
Denoms: EUR 100k + 1k