Italy’s banks rake in most funding in a month since 2014

Intesa_PA_230x150
By David Freitas
27 Jun 2019

UniCredit and Intesa Sanpaolo printed €3bn of new debt this week, almost doubling the amount sold by Italian banks this month. Around €6.5bn of bonds have been sold in June, making it the largest amount of Italian bank bonds sold in a single month since early 2014.

Though Italian banks raised €9.5bn of funding in February 2017, a hefty chunk of that supply came from the ailing lenders Banca Popolare di Vicenza and Veneto Banca, which had been supported in the market with government guarantees.

On Wednesday, UniCredit was able to reach its annual funding target of ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.