Italian supply builds as Mediobanca makes successful return

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Italian supply builds as Mediobanca makes successful return

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ILLUSTRATION - An Italian euro coin stands on an Italian flag in Schwerin, Germany, 15 May 2012. The rating agency Moody's downgraded the solvency of 26 Italian banks due to Italy's poor economic condition. Photo: JENS BUETTNER | Jens Büttner/DPA/PA Images

Italy’s Mediobanca made light work of its return to the senior unsecured market on Tuesday, launching a well subscribed €500m bond with a negative new issue premium, according to a banker on the deal.

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