Iccrea Banca shows way down credit curve

15 Nov 2012

Iccrea Banca’s sale of a €350m two year fixed rate senior unsecured deal on Thursday has further underscored peripheral issuers’ confidence in public bond issues.

The deal for the Italian issuer followed a roadshow earlier this week and was expected to have gained traction among small savings bank investors in Italy, Germany and Austria.

The issuer mandated Mediobanca, Raiffeisen Bank International and UniCredit on November 9 to organise investor meetings. The leads opened books ...

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