CDP and Andalucia set tone for cool week in SSAs
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.
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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