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Corporate Bonds

Snam plays it again with 10 year but has to settle for 2bp NIC

Snam pipes for new website

Italian gas utility Snam repeated the new issue-and-tender strategy it used in 2016 as it printed its third ever 10 year bond on Tuesday. The company was not able to replicate the zero new issue premium it achieved 12 months ago, but did still price at a very tight spread.

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