Cattolica benefits from Buffett factor in rare issuance
Società Cattolica di Assicurazione unwrapped a tier two bond on Tuesday, in potentially the last Italian FIG deal before Christmas.
The Verona-based insurance group set final terms at 4.25% for the €500m no-grow deal, from initial price thoughts in the 4.875% area. The books reached more than €3bn, with more than 250 investors placing orders.Banca IMI, Barclays, Nomura and UBS were joint bookrunners.“It’s not a bad result, given it’s ...
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