BMPS and UBI seize moment as credit markets go on a tear

摘要

BANCO MONTE DI PASCHI DI SIENA and UNIONE DI BANCHE DI BANCHE ITALIANE USed the risk-on mode gripping European credit markets to their full advantage by substantially tightening terms on new bond issues on the back of heavy oversubscriptions. While risk markets have been strongly bid for most of 2019, investors had been more circumspect around Italian credits in light ofltaly's tussle with the European Union over the country's public finances.