Ubi Banca launches a 10-year covered bond, with an initial indication of a yield in the area of 130 basis points above the midswap rate - The issue will be priced during the day
Where's Banca launched this morning a 10-year covered bond, with an initial indication of yield in the area of 130 basis points above the midswap rate. This was reported by Thomson Reuters' Ifr service, adding that the issue will be priced during the day.
The operation is managed by Barclays, Credit Agricole, Goldman Sachs, Natixis, Societe Generale and Unicredit.
By mid-morning, Ubi's stock on the Stock Exchange gained more than one and a half percentage points.
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