Intesa Sanpaolo not interested in other bond buybacks
MILAN, Feb 7 (Reuters) - Italy's biggest retail bank
Intesa Sanpaolo <ISP.MI> is not interested in carrying out any
more bond buybacks, the bank's Chief Executive said on Tuesday.
"I think (yesterday's) operation has satisfied our
interest,"Enrico Cucchiani told reporters when asked if the
bank planned more bond buybacks.
Intesa Sanpaolo said on Monday it was offering to buy back
tier 1 securities with a face value of 3.75 billion euros.
Other Italian banks, including UniCredit <CRDI.MI> and Banco
Popolare <BAPO.MI>, have launched bond buybacks to boost their
core capital, helped by a Bank of Italy decision last week to
ease the rules. [ID:nL5E8D63XU]