Italgas, rated Baa2/BBB+, is the only investment grade issuer to have appeared on Wednesday morning. The Italian gas distributor is out with an expected €500m long 10 year, at initial price thoughts of 105bp-110bp over mid-swaps.
Bookrunners are Banca Imi, BNP Paribas, JP Morgan, Mediobanca, Société Générale and UniCredit....
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