Iccrea Banca is going to call two of its outstanding subordinated bonds in June after it received the necessary regulatory approval.
The bank will buy out FRN 18jun2025 of 106.6m euros and 3.5% 29jun2025 of 12m euros.
Before the bank makes a decision, it should consider two factors. The first one is whether is profitable to redeem these bonds and replace them with new ones. Secondly, the call may damage the bank's reputation.