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Popolare Vicenza, Veneto Banca get state guarantee on upcoming bonds

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Popolare Vicenza, Veneto Banca get state guarantee on upcoming bonds

Banca Popolare di Vicenza SpA and Veneto Banca SpA said Feb. 1 that they received a decree from the Italian ministry of economy and finance ensuring a state guarantee on the bonds they plan to issue.

The banks have started work on the issuance of the guaranteed bonds. The lenders were both rescued by Italy's Atlante fund in mid-2016.