Sondrio caps off big week for Italian bank bond supply

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Sondrio caps off big week for Italian bank bond supply

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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

Issuance of Italian bank debt in 2019 has nearly caught up with last year’s running total. Banca Popolare di Sondrio this week followed Mediobanca and UniCredit into the market to cap off a big week of supply by the nation’s lenders. The run could yet extend further, with UBI Banca gearing up for a debut green bond.

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