Strong demand for the two covered bonds (3 and 10 years), launched in the morning by Unicredit. The requests for the two issues, according to sources close to the operations, stood at 4 billion euros, thus allowing the lowering of the price guidance on both tranches.
On the three-year floating-rate bond, the yield is indicated in the low end of the range initially envisaged, at 60 basis points above the quarterly Euriboor. For the 105-year bond, on the other hand, there has been a move from an initial indication of 100 basis points above the midswap to one of 105-XNUMX points. The placement is managed by a pool of banks made up of Credit Agricole Cib, Credit Suisse, Danske Bank, Ing, Natixis and Unicredit itself.
