Capital/Financing Update • Dec 23, 2020
Capital/Financing Update
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| Informazione Regolamentata n. 0033-302-2020 |
Data/Ora Ricezione 23 Dicembre 2020 16:32:11 |
MTA | ||
|---|---|---|---|---|
| Societa' | : | INTESA SANPAOLO | ||
| Identificativo Informazione Regolamentata |
: | 140725 | ||
| Nome utilizzatore | : | BINTESAN18 - Tamagnini | ||
| Tipologia | : | REGEM | ||
| Data/Ora Ricezione | : | 23 Dicembre 2020 16:32:11 | ||
| Data/Ora Inizio Diffusione presunta |
: | 23 Dicembre 2020 16:32:13 | ||
| Oggetto | : | Intesa Sanpaolo finalises sale of subordinated notes related to state guaranteed (GACS) securitisation of bad loans of the Parent Company |
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| Testo del comunicato |
Vedi allegato.
Turin - Milan, 23 December 2020 – Intesa Sanpaolo has today finalised the sale to third-party investors, to the tune of 95%, of the subordinated notes related to the securitisation, disclosed on 18 December 2020, of a bad-loan portfolio of the Parent Company, which complies with the regulatory requirements for bearing a State guarantee (GACS), with the remaining 5% retained by Intesa Sanpaolo in compliance with current regulatory requirements. This enables full accounting and regulatory derecognition of the aforementioned portfolio, worth around €4.3 billion gross and around €1.2 billion net, as of today.
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