Italy
-
Hybrid from Snam and sustainability from Welsh Water -
◆ Deal comes close to yields on Italian govvies ◆ Tight level puts off some investors ◆ More Italian issuance due
-
◆ Slower deal appeals to ‘true covered’ buyers ◆ Slim premium paid over recent deals ◆ Deal is Italian lender’s first of its fiscal year
-
◆ Next to no premium needed for capped sale ◆ Demand holds firm despite price tightening ◆ Popular deal broadens investor base
-
Italy's largest listed investment bank is in the middle of an ambitious plan to be profitable across the economic cycle
-
Ship company will raise a total of €500m in new capital after it acquired part of defence company Leonardo
-
New issue premiums are minimal again
-
Issuers both land big books as market quickly shrugs off French election volatility
-
◆ 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
-
Market expected to shut after Wednesday as UK elections and US holiday loom
-
Mandates hit screens later in the day than usual after National Rally’s soaring popularity in France
-
Renewable energy company sees four times demand for €500m no grow
