CDP and Andalucia set tone for cool week in SSAs

CDP 230x150

Triple B-rated Cassa Depositi e Prestiti (CDP) and Andalucia hit screens on Monday, with SSA bankers convinced the deals are indicative of the smaller types of trades expected in the week ahead.

By Mike Turner
18 Mar 2019


CDP (Baa3/BBB/BBB) started the day marketing a seven year euro benchmark sized social bond. The deal began at initial price thoughts of 210bp area over mid-swaps before setting terms at 195bp over at €750m.

Demand at final terms was more than €1.5bn without joint lead manager interest. 

Meanwhile, ...

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