UniCredit hits senior after Santander Consumer Finance moves towards funding independence
UniCredit took a second swipe at the debt markets in as many days on Tuesday with a €750m five year senior unsecured bond that was set to be priced at 15bp through initial thoughts. The deal followed a snappy short dated debut on Monday from Santander Consumer Finance, as it moves towards independence in its funding programme.
Investors placed around 2.3bn of orders on Tuesday for UniCredits latest outing to the senior unsecured market. Lead managers Deutsche Bank, HSBC and UniCredit were set to price the 750m five year transaction at 255bp over mid-swaps on Tuesday afternoon.
That is 15bp inside where the leads began
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