Cariparma can work with the right investors

Cariparma, the eighth largest Italian bank, which is 76.5% owned by Crédit Agricole, will go on the road this week to market its inaugural A2-rated covered bond. Though market conditions are not constructive, recent issuance, which has been placed with high quality investors, has traded more stably than the rest of the market, suggesting success could be within reach.