Mediobanca sails close to fair value on MREL senior debut

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By Tyler Davies
16 Jan 2020

Mediobanca was greeted with €4bn of demand for its debut offering of non-preferred senior notes on Thursday, extending a run of Italian bond deals in the euro market this week.

Mediobanca opened books on a €500m long five year non-preferred senior deal through JP Morgan, Mediobanca, Santander, Société Générale and UniCredit.

The joint lead managers began the pricing in the 160bp area over mid-swaps, with demand rising quickly to €1bn before hitting €2.5bn by ...

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