Creval cranks in pricing by 37.5bp for new pref senior deal

Euromoney_Alamy_230x150
By David Freitas
19 Nov 2019

Credito Valtellinese (Creval) found strong demand for a €300m preferred senior bond on Tuesday, allowing it to push the pricing through its guidance range.

The speculative grade Italian lender found a favourable window in the market for its €300m three year bond, having met investors to discuss the deal last week.

The bonds are expected to be rated B2 by Moody's, five notches below investment grade.

Bank of America, Mediobanca and UniCredit were running ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial