Large Intesa prices flat to curve despite structure
Intesa Sanpaolo yesterday (Thursday) priced its second deal of the year, which was, at Eu2.5bn, the largest covered bond since 2008 – a size that was justified by the huge well of real money demand. Despite its less usual structure, the transaction priced close to its outstanding.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts