Italy crossover credit IDG joins busy high grade bond market
Italian crossover credit Immobiliare Grande Distribuzione, a real estate company, has hired banks for a sub-benchmark bond issue and tender offer, as roadshow calendars remain packed with deals.
IGD, rated Ba1/BBB-/BBB-, picked BNP Paribas and Morgan Stanley as global coordinators and Banca Akros, Citigroup, Mediobanca, UBI Banca and UniCredit as active bookrunners to arrange a series of fixed income investor meetings from Wednesday November 13.
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