Italy
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◆ 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’
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◆ Issuer meets target with debut deal ◆ Deal comes 2bp back of recent Italian supply ◆ Trade follows two day marketing period
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Hybrid from Snam and sustainability from Welsh Water
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◆ Deal comes close to yields on Italian govvies ◆ Tight level puts off some investors ◆ More Italian issuance due
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◆ Slower deal appeals to ‘true covered’ buyers ◆ Slim premium paid over recent deals ◆ Deal is Italian lender’s first of its fiscal year
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◆ Next to no premium needed for capped sale ◆ Demand holds firm despite price tightening ◆ Popular deal broadens investor base
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Italy's largest listed investment bank is in the middle of an ambitious plan to be profitable across the economic cycle
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Ship company will raise a total of €500m in new capital after it acquired part of defence company Leonardo
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New issue premiums are minimal again
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Issuers both land big books as market quickly shrugs off French election volatility
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◆ MPS to launch a new covered format ◆ Infrequent and higher yielding issuer suggests market is 'stable and open' after French elections ◆ A 'few other' covereds are in the pipeline
