Banco Popolare di Vicenza priced the 1.8 year, €980 million A1X tranche of Berica PMI within guidance at 240 basis points over the three month Euribor.

The deal re-opens up the public market for Italian SME assets. According to Societe General, which was lead manager on the deal, no Italian ABS deal has been publicly placed after 2011 and the last SME deal happened in 2006, well before the financial crisis started.

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