UniCredit reopens Italian FIG market as investors welcome new government

UniCredit_Alamy_230x150
By David Freitas
16 Sep 2019

UniCredit has become the first Italian bank to launch a new deal since a new government took office in the country. The €1.25bn tier two attracted €3bn of orders and was tightened more than expected, according to one of the leads.

UniCredit was marketing a euro-denominated 10 year non-call five year tier two bond on Monday. The Italian lender chose Goldman Sachs, HSBC, Mediobanca, Société Générale, UBS and UniCredit as lead managers.

They circulated initial price thoughts of 265bp area over mid-swaps and, a ...

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.