Intesa Sanpaolo
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Italian pharmacy group to refinance €460m of debt and pursue acquisitions -
The Italian bank cashed in €584m of shares in the payment systems company
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Italian holding company manages to get some spread movement after Monday’s deals stalled
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Elevated concessions for senior deals are here to stay
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Investors demand high concession for low rated, cyclical, energy-hungry industry
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Smaller and weaker European financial institutions must raise funding this year but will have to navigate a backlog of competing issuance
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Bulging books for some, but Grenke is forced to postpone its trade after opening books
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Inaugural issuer set to bring deal on Tuesday as trio leap into buoyant market
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Short dated, highly rated issuance manages to push through fair value
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Industrial gases company latest to try its luck on traditionally quiet day
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Safe issuers and short maturities fill market battered by macro worries, but four deals are increased
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Intesa Sanpaolo, NatWest and Mizuho non-preferred bonds attract nearly €7bn of combined demand
