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MILAN - Italian banking group Intesa Sanpaolo (OTC:ISNPY) S.p.A. has completed its offering of €1 billion in Additional Tier 1 notes with a 6.375% interest rate, according to a statement released Monday.
Morgan Stanley & Co (NYSE:MS). International plc announced that no stabilization measures were undertaken following the offering of the securities. The notes were priced at 100 percent of their nominal value.
The Additional Tier 1 notes, which carry the ISIN code XS3079581479, were managed by a consortium of financial institutions including Morgan Stanley & Co. International plc, BNP Paribas (OTC:BNPQY), BofA Securities Europe SA, Citigroup (NYSE:C) Global Markets Europe AG, Goldman Sachs International, Intesa Sanpaolo S.p.A., and UBS Europe SE.
The offering follows a pre-stabilization announcement made on May 19, 2025. Additional Tier 1 securities are debt instruments that can be converted to equity or written down if a bank’s capital falls below a certain threshold, helping financial institutions meet regulatory capital requirements.
The securities have not been registered under the United States Securities Act of 1933 and are not being offered in the United States.
This information is based on a post-stabilization period announcement released by Morgan Stanley & Co. International plc.
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