Any yield will do: all bets on as risky Italians grace FIG primary

By Tyler Davies
03 Dec 2020

Banca Monte dei Paschi di Siena led a trio of speculative grade Italian banks into the euro bond market this week, as credit investors showed that no issuers were off limit in their increasingly desperate search for yield. Tyler Davies reports.

FIG DCM bankers had expected that portfolio managers might shy away from taking too many risks at the end of 2020.

It has been an extraordinarily turbulent year, and funds could hardly be criticised for wanting to wind down early and protect any returns they managed to ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial