Desio gears up for debut euro covered

By Tyler Davies
29 Aug 2017

Italy’s Banco di Desio e della Brianza picked banks on Tuesday to arrange the sale of its first euro covered bond, in a deal that could kickstart issuance from the European periphery following the summer break.

Banco di Desio mandated Banca IMI, BNP Paribas, Natixis, Société Générale and UniCredit to arrange its debut transaction, which is likely to have an intermediate maturity.

A new deal would put Italian covered bonds back on the table for the first time in about ...

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