Intesa punches through triple digits
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Intesa punches through triple digits

Italy’s Intesa Sanpaolo made a surprise return to the covered bond market on Thursday, launching a €750m five year deal. It has a penchant for bringing deals during the annual Euromoney Covered Bond Congress, having done the same last year. Despite the odd timing and a spread that eventually moved into double digit territory, the deal was priced at the tight end of the range.

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