Italy
-
Loan is linked to emissions reductions
-
BNP Paribas took Pirelli and Citi took Renk as shareholders exited and trimmed stakes on Tuesday night
-
Investors chase 20 year-plus bonds but supply, rather than demand, is the question
-
UniCredit has bought 9.9% of Commerzbank partly through a block trade, founder sells his Jet2 stake and natural resources company raises capital for growth M&A
-
◆ Pace of European FIG issuance slows ◆ UK's Co-op Bank set to sell sterling senior ◆ Mediocredito Centrale completes euro senior roadshow
-
◆ Sovereign takes a ‘totally crazy’ book ◆ Central bank policy meetings created a helpful backdrop ◆ Long maturity offered ‘attractive entry point for investors’
-
◆ Issuer meets target with debut deal ◆ Deal comes 2bp back of recent Italian supply ◆ Trade follows two day marketing period
-
Hybrid from Snam and sustainability from Welsh Water
-
◆ Deal comes close to yields on Italian govvies ◆ Tight level puts off some investors ◆ More Italian issuance due
-
◆ Slower deal appeals to ‘true covered’ buyers ◆ Slim premium paid over recent deals ◆ Deal is Italian lender’s first of its fiscal year
-
◆ Next to no premium needed for capped sale ◆ Demand holds firm despite price tightening ◆ Popular deal broadens investor base
-
Italy's largest listed investment bank is in the middle of an ambitious plan to be profitable across the economic cycle