Post by Marco Spano

⭐️ Today Mediobanca acted as Joint Bookrunner in two new ITALY transactions collecting over Eur 6bn of demand in the process. In strict alpha order: Generali ⏱️ In its second public DCM venture of the year, the Italian insurer braved a volatile backdrop and some competing traffic to approach the market with a new Eur 750m 11-year Tier 2 transaction 💪 As usual for Generali, investors reacted promptly, with orders exceeding Eur 2.5bn at the peak 🎯 Thanks to this strong support and the high quality of the orderbook, the issuer managed to tighten spread levels by 30/35bps vs IPTs, to the final reoffer yield set at ms+135bps Gruppo Hera ✨ The Bologna-based utility approached investors with its inaugural Eur 500m 6-year senior EuGB, priced at an astonishing ms+72bps level 💪 The books were flooded with orders, which topped Eur 3.6bn at the end of the morning 🎯 On the back of this successful exercise, spread levels were reduced by 38bps vs IPTs Congratulations to our clients! Cristiano Borean Fabio Cleva Gabriele Castrovinci Grillo Tommaso Cagnato Massimo Kauzki Luca Vascotto Emanuele Marciante, EMBA Massimo Vai Carla Petraglia ROBERTO ROSSETTI Daniela Pulvirenti Manuele Licitra Kevio L. Market is open...