Banca Finint launches first slice of €500m programme

Banca Finanziaria Internazionale S.p.A. has launched a new €50m basket bond transaction comprising 10 corporates and which benefits from a guarantee by SACE S.p.A., the Italian Export Credit Agency - backed up by the Italian government in the event of default.

  • By Tom Brown
  • 11 Apr 2019

The ABS notes printed at 2.08% when it closed on April 2 off the back of the guarantee. 

“It was an interesting pick up over the comparable BTP for the investor,” said Alberto Nobili, head of corporate debt, advisory and international transactions.

Banca Finint spent roughly six months ...

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1 Citi 3,237 10 19.12
2 Goldman Sachs 2,096 5 12.39
3 Morgan Stanley 1,965 5 11.61
4 BNP Paribas 1,686 6 9.96
5 Barclays 1,565 4 9.25

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3 Wells Fargo Securities 24,627.51 67 9.16%
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5 Barclays 16,546.45 55 6.16%