Italy
-
The revival of banks using securitization to free up regulatory capital could open new possibilities for accelerating the financing of a greener economy, as a ground-breaking deal demonstrated this week, write Jon Hay and David Bell. -
-
-
Unione di Banche Italiane (UBI) successfully joined a run of tier two issuance from peripheral banks on Wednesday, though the deal’s healthy premium suggested there was still caution around Italian financial institutions in the market.
-
Italy drew a more than a twice oversubscribed book on Tuesday and priced well inside guidance as it brought its second syndication of the year, a €3bn May 2028 inflation-linked BTP.
-
Necta & Wittenborg Global Vending (N&W), the Italo-German maker of vending machines owned by private equity firm Lone Star, privately tapped its 2023 secured notes this week to fund the acquisition of peer Saeco.
-
Five new IPOs were announced in EMEA this week as the market enters a crucial window in the run-up to Easter.
-
Italy has mandated banks for its second syndication of the year, after a month in which its spread to closest peer Spain has tightened.
-
Another piece in the pre-Easter IPO jigsaw was revealed on Friday morning when UniEuro, the Italian retailer of consumer electronics and appliances, began investor education for its IPO on Borsa Italiana.
-
Cassa Depositi e Prestiti has sold €300m and €150m notes late in February, despite dealers reporting an overall lack of MTNs in the market.
-
UniCredit, the largest bank in Italy, has formally finished its €13bn rights issue after selling the unexercised rights on the market for €15m.
-
A big step in restoring Italy's banking sector to health was taken successfully this week, when the fifth biggest EMEA equity sale ever raised €13bn for UniCredit.
