Tamburi leads sub-benchmark charge

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By Mike Turner
26 Nov 2019

Italy’s Tamburi Investment Partners brought a sub-bechmark five year trade on Tuesday, with similar deals for Gas Networks Ireland and Radiotelevisione Italia waiting in the wings.

Investment firm Tamburi raised €300m at a 2.625% yield. The deal was slightly oversubscribed. BNP Paribas ran the trade.

“Sub-benchmark trades are good for this time of year,” said a banker off the trade. “They let investors really get their teeth in and don’t rely on the entire market ...

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