Italy
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Worries over an Italian constitutional reform referendum have driven a wedge between Italy and Spain’s sovereign bond curve, which is at a level not seen since January 2015, according to a note from Société Générale. -
Italian spirits company Gruppo Campari has signed a €300m three year term loan with three banks to repay US private placement notes signed in 2003 and 2009, in an effort to reduce its funding costs.
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Korea Housing Finance Corp and Cariparma Crédit Agricole have hired lead managers to arrange investor meetings, with a view to issuing covered bonds in dollars and euros, respectively.
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Italian real estate company Beni Stabili signed a €710m facility on Thursday backed by its key Telecom Italia assets.
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Thom Europe, the French jewellery retailer owned by private equity firm Bridgepoint, sold a €190m tap of its 2019s to fund the acquisition of Stroili Group, an Italian peer.
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The Bank of Italy announced it would soften application of the capital conservation buffer (CCB) in line with most other European countries, but the move is not expected to relieve any pressure on additional tier one coupon payments.
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Italian oil and gas company Eni jostled with four other issuers on one of the European corporate bond market's busiest days of the year as it issued a dual tranche offering on Tuesday.
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UniCredit announced three senior appointments in its corporate and investment banking (CIB) division on Monday, naming a new head of CIB Americas, a head of CIB Italy network, and a head of financing and advisory Italy.
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Unione di Banche Italiane’s (UBI) €1bn 10 year Obbligazioni Bancarie Garantite from Monday was priced tighter than UniCredit’s deal with matching size and tenor, even though demand was lower and the domestic bid greater.
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Unione di Banche Italiane’s (UBI) €1bn 10 year Obbligazioni Bancarie Garantite was priced tighter than UniCredit’s €1bn 10 year and well through BTPs, though it relied more heavily on domestic buyers.
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Saipem, the Italian oil services company, on Thursday priced €1bn of unsecured bonds in a high yield market still looking at a thin pipeline.
