Intesa goes tight for AT1 in ‘wildly better’ sub market

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Intesa goes tight for AT1 in ‘wildly better’ sub market

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A branch of the Italian Intesa SanPaolo Bank is seen on 6 February, 2017. (Photo by Jaap Arriens/NurPhoto) *** Please Use Credit from Credit Field *** | NurPhoto/SIPA USA/PA Images

Intesa Sanpaolo cranked pricing in on a new additional tier one (AT1) on Tuesday, striking quickly to take advantage of stellar conditions in the market for bank subordinated debt.

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