Italian supply builds as Mediobanca makes successful return

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By Tyler Davies
26 Mar 2019

Italy’s Mediobanca made light work of its return to the senior unsecured market on Tuesday, launching a well subscribed €500m bond with a negative new issue premium, according to a banker on the deal.

Mediobanca picked Banca IMI, Mediobanca, NatWest Markets, Société Générale and UniCredit as lead managers for the January 2025 preferred senior transaction, which had its size capped at €500m from the outset.

The lead manager group started the pricing in the 175bp area over mid-swaps ...

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