Banca Popolare dell’Alto Adige to redeem €100 million tier 2 notes

By Mary-Katherine Stinson

Lexington, Ky., Sept. 6 – Banca Popolare dell’Alto Adige SpA will early redeem in full its €100 million callable subordinated tier 2 notes (ISIN: XS1694763142) due Oct. 6, 2027, according to a notice.

The notes will be redeemed at par plus accrued interest if any on the optional redemption date of Oct. 6.

Following the redemption, the notes will be canceled.

The notes were originally issued Oct. 6, 2017 under the issuer’s euro-medium term note program.

The lender is based in Bolzano, Italy.

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