Intesa hits ‘resilient’ yen market for new Pro-Bond

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By Tyler Davies
14 Mar 2019

Intesa Sanpaolo took advantage of the search for yield among Japanese investors this week to make its second outing in the Tokyo Pro-Bond market.

The Italian bank sold ¥13.2bn ($120m) of senior debt through Barclays, Daiwa Capital Markets, Nomura and SMBC Nikko.

It placed ¥8.2bn of three year paper at 135bp over yen offer swaps and ¥5bn of 15 year debt at 165bp over.

Intesa dropped a five year tranche ...

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