UniCredit gets more than expected after strong French participation
Support from French real money buyers helped the book for UniCredit’s tap of its September 2015 senior bonds to swell to €500m on Monday. Italian accounts, meanwhile, were conspicuous by their absence, taking only 5% of the deal.
Having initially said it was looking at a maximum size of 250m, UniCredit eventually printed 350m at 310bp the tight end of guidance after stronger than expected demand. ING, JP Morgan, UBS and UniCredit were bookrunners.It turned out to be a better day than most, said ...
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