Italy
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◆ Competing supply weighs on demand for Ifis deal ◆ Illiquid curve makes deriving a premium tricky ◆ Mediobanca adds to Italian labelled supply -
Landesbank Berlin's Pfandbrief was not received as well
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◆ Austrian lender saves with early tier two refi ◆ Others could follow into 'wide open' AT1 market ◆ Generali's popular tier two bullet shoots through fair value
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◆ BPER Banca and Unicaja pull in strong demand for SNP deals ◆ Investors bidding for higher spread products ◆ Encouraging for more senior issuance from lower tier borrowers
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The Italian oilfield services company's deal was over four times covered
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The rest of 2023 is a 'write-off' but several businesses plotting listings next year, bankers say
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Gruppo BF could raise €300m before the end of the year
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Pipeline empties, but market participants say that’s no bad thing
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Both find warm response, despite coming straight after French holiday
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CréditAg enjoys blow-out reception, demand for Icrea gets late boost
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◆ Deal expected to come wider than peers ◆ Wider spread likely to mitigate investors asking for shorter maturities ◆ Will be issuer's second covered bond ever
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Demand for ADR swells to more than four times oversubscribed
