Gruppo IntesaBci’s exposure to Worldcom amounts to 150 million dollars, which is a portion of a syndicated loan granted to the US company totalling 2,600 million dollars, plus 11 million euro for a bond purchased by Bankhaus Loebbecke.

Bank of America, agent of the aforementioned syndicated loan, is negotiating with the company, on behalf of syndicate banks, the refinancing of the operation with guarantees on the company’s assets.