COVERED BONDS

摘要

CREDIT ACRICOLE ITALIA sold Italy's first green covered bond last Monday, achieving a historically tight spread despite limited order book momentum, while bpce hit the screens with a 10 and 20-year dual-tranche offering. In an era of dramatically reduced issuance volumes, the Italian covered bond market has seen especially limited supply, with just one deal in 2020 and only two in 2021 so far.