Banca Carige puts Tier 2 plans on hold

摘要

Banca carice's plan to rebuild its subordinated debt cushion though a Tier 2 bond has foundered, after the issuer decided to wait for a better issuance window. The Italian lender had completed a roadshow the previous week, but said last Tuesday that "the market conditions for a subordinated debt issuance on the expected key issuance terms are not yet in place".