Italian credits spearhead senior rush
Italian insurer Assicurazioni Generali and Milan-headquartered lender UniCredit SpA grabbed €2.5bn of senior funding between them on Tuesday morning, while Banco Popolare readied itself for its own assault on the capital markets by mandating leads for a European roadshow. Investors piled into Generali and UniCredit’s deals, with the combined books hitting double figures.
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