Intesa Sanpaolo

Italy took orders of over €80bn for its first green BTP on Wednesday to become the latest sovereign to enter the green bond market. Germany was also in market, raising €3bn with its first 15 year deal via auction.

Italy picked the banks to lead its debut green bond on Tuesday after unveiling its sovereign green framework to investors last week.

EP Infrastructure, the Czech Republic-headquartered energy infrastructure group, launched a euro bond on Tuesday. By midday, books had almost reached €3bn.

EP Infrastructure, the Czech Republic-headquartered energy infrastructure group has mandated banks to syndicate a bond in euros. Though much of supply from the CEE region last year came from sovereigns, market participants believe now is a good time for corporates to issue in debt markets.

BPCE found plenty of demand for a long-dated senior deal in euros on Monday, even as secondary spreads drifted wider.

Rating: Baa1/BBB/BBB-

Intesa Sanpaolo launched a long awaited debut senior non-preferred deal on Wednesday. After having announced a large non-preferred funding programme last year, the bank has reduced its funding needs thanks to regulatory changes.

Intesa Sanpaolo has issued its first senior non-preferred deal, making use of investors' optimism about the new prime minister Mario Draghi to bring this eagerly anticipated transaction to the market. DNB Bank also chose Wednesday for its own debut in the format.

Snam, the Italian gas pipeline company, and SKF, the Swedish ball bearing maker, kicked the week’s corporate bond new issuance off in Europe on Monday with deals that offered razor-thin spreads from the start.

Market participants expect banks will return with a flurry of senior transactions after results this week, as rising yields help to lift primary demand.

The Italian fashion house Tod’s has signed a €500m sustainability-linked loan, as environmentally conscious financing continues to infiltrate the infamously wasteful fashion industry.

FIG rainmaker Andrea Orcel is stepping back into the limelight as UniCredit chief executive, just as momentum is building for large-scale banking consolidation. He has an array of M&A options, but will he be shy in pulling the trigger? David Rothnie reports.