Credito Emiliano continued an Italian bank bond spree on Friday, choosing a quiet day to market a debut non-preferred senior bond. The deal comes one day after Banca del Mezzogiorno priced a social bond.
Credito Emiliano opened books on Friday morning for a €500m six year senior bond, callable at five years, after running a roadshow from Wednesday.
The issuer picked BNP Paribas
, Crédit Agricole
, Goldman Sachs
to run the transaction. They went out with price