A2A’s green debut gets ultra-negative NIP

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By Alex Radford
08 Jul 2019

Corporate bond issuance in Europe has slowed, though demand remains strong, as evidenced by new issues on Monday for A2A, the Italian multi-utility, with a debut green bond, and Logicor, the warehouses group. Bankers expect appetite to remain steady but for the pace of issuance to be more sedate than in recent weeks.

“It’s fairly quiet in Europe,” said a banker away from the deals, “but in Asia there’s a huge amount of issuance coming through - we are seeing a number of trades with large oversubscription, in both the high yield space and IG spaces."

But despite the good conditions for ...

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