Intesa Sanpaolo
-
◆ Intesa takes €1.25bn with first covered bond since 2019 ◆ 12bp of concession left on the table ◆ Portugal’s Banco BPI to follow with its own covered return -
Italian lender pushes out to print 31 year non-call 30 note
-
◆ Secondary rally shows appetite for risk ◆ Issuers target quick intra-day execution before CPI ◆ HSBC starts by luring Asian demand
-
Pair attract a combined €6.3bn thanks to high yields and a normalising swap curve
-
Positive Euribor rate prompts investors to look for longer FRNs
-
Investors appreciated the Japanese bank’s ‘clinical one step move’
-
Demand strongest at the short end due to market volatility
-
Intesa offers up to five tranches out to 10 years as Rabobank issues private tier two
-
Investors eager to lock in 'interesting yield' for Italy's national champion
-
Rarer names and currencies are proving popular with investors
-
Italian motor parts maker narrows price range as Ionos prepares to take lower valuation
-
Sustainability-linked deal closed early due to massive demand
