UnipolSai to sell first sub deal to benefit from Draghi rally
Italian insurance company UnipolSai is set to sell an oversubscribed perpetual non-call 10 tier one deal on Wednesday at a level reflecting the new reality for subordinated debt in the wake of the European Central Bank's easing programme, announced last Thursday. The issuer is the first financial credit to sell subordinated bonds so far this week, but bankers expect more to follow in its footsteps.
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