Mediobanca dodges ‘inefficient’ maturities by doubling up on six year senior

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By David Freitas
02 Dec 2019

Mediobanca was looking to sell its second six year senior bond of 2019 on Monday, revealing its preference for deals in the belly of the maturity curve.

Mediobanca picked Banca IMI, Mediobanca, Natixis, Santander and UniCredit to run the books on its €500m long six year deal on Monday.

They started out with price thoughts of 120bp-125bp over mid-swaps, at which level they were able to run up more than €800m of orders by 10am in London.

Demand kept ...

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