Banco Popolare has set a price of €1.77 per share for its €2 billion planned capital increase, The Wall Street Journal reports. The proceeds from the capital increase will be used to repay €1.45 billion in government-sponsored bonds. The issue is guaranteed by a bank consortium, in which Mediobanca and Bank of America Merrill Lynch are global coordinators. Credit Suisse, Deutsche Bank and Goldman Sachs are the bookrunners of the offering.
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