Intesa Sanpaolo
-
Italgas, the Italian gas distributor, issued a €500m 12 year bond on Monday, although syndicate bankers said they expected deal flow to diminish to a trickle over the week. -
One of Banca Imi's vice presidents of loan syndications in London has joined Commerzbank's international loan origination team in Paris.
-
The Bank of Italy will require Banca Monte dei Paschi di Siena to maintain higher capital buffers from next year, after finding that it has become more complex and interconnected within the financial system.
-
-
Intesa Sanpaolo has become the first bank to use the proceeds of a green bond specifically to promote the development of a more circular economy — an issue that has been gaining increased attention from EU policymakers recently.
-
Surprisingly buoyant market conditions mean that next week could be wide open for business instead of sinking into a post-Thanksgiving lull, said financial institutions DCM bankers.
-
Merlin Properties, the Spanish real estate investment trust, launched on Wednesday a €500m no-grow 15 year benchmark bond, rated Baa2/BBB, with a positive outlook from S&P Global.
-
Intesa Sanpaolo and BNP Paribas hurried to make use of strong market conditions this week, building blowout order books for a pair of new senior deals in socially responsible formats.
-
Italian banks have made the most of improving market conditions in 2019, with the average cost of five year senior debt having fallen by 40bp in the last six months, according to Bank of Italy data.
-
Financial institutions bond bankers expect that new deal flow will come to a standstill in the primary market at the end of next week, as investors close the lid on an agreeable year for returns.
-
The positive market backdrop has driven smaller and less well-known bank issuers to come forward with rare new bond issues. But they are showing up just as investors pack up for the year, meaning they must work hard to lure enough demand, writes David Freitas.
-
