UniCredit
-
-
Italian companies are enjoying some time in the loan market sun this week, with facilities for Amplifon, Tecnimont and Tages Helios finding solid support from lenders.
-
Caius Capital will wait until the European Banking Authority has completed a review of legacy capital instruments before proceeding with its case that UniCredit’s convertible and subordinated hybrid equity-linked securities (Cashes) are receiving the wrong regulatory treatment. This is because it believes the Cashes are included in that review, writes Jasper Cox. -
Rewables fund Tages Helios has taken out five credit lines totalling €452.5m from a syndicate of banks to refinance a portfolio of solar plants, as Italian names continue to win capital markets support despite some investors' distaste for the political direction of the country.
-
The European Stability Mechanism on Tuesday won huge demand for its first five year euro benchmark since October 2015, showcasing returning investor appetite in the short end of the curve.
-
The European Stability Mechanism has appointed leads for its first five year euro benchmark in nearly three years.
-
Italy’s Tecnimont has agreed a new syndicated loan package totaling €285m from its domestic banking group, with the engineering contractor cutting 25bp off its debt costs.
-
Caius Capital said on Monday morning that it would pursue its dispute over the regulatory status of a UniCredit capital instrument, after the European Banking Authority rejected its request to open an investigation.
-
Electricity network operator Terna has sold the first investment grade corporate bond from an Italian issuer since the formation of the country’s new government and was rewarded with an order book that was more than 5.5 times subscribed, demonstrating an investor base that is open to Italy risk once more. Nigel Owen reports.
-
The Schuldschein market is back to its active self with over 20 borrowers marketing deals. This is sweet vindication for arrangers, who’ve had to deal with concerns after borrowers Steinhoff and Carillion fell from grace at the end of 2017 and start of 2018.
-
Italian electricity network operator Terna sold its first green bond on Monday and was rewarded with an order book that was more than 5.5 times oversubscribed.
-
Austrian machinery maker Andritz has launched a €300m four tranche Schuldschein, with the intention to see if lenders could be lured out along the maturity curve with its five, seven, 7.75 and 10 year tranches.
