UBI Banca chases BPM in Italian covered bond race
Unione di Banche Italiane (UBI Banca) has mandated Barclays Capital, Deutsche Bank, Natixis and Société Générale for its debut covered bond. The group will be roadshowing from 30 June to 7 July ahead of its debut, which could put it in competition to launch the first obbligazioni bancarie garantite with Banca Popolare di Milano, which is also preparing its inaugural issue.
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