(Tiper Stock Exchange) – Sprint start for bond issues in the Europe’s first full working week, with the Old Continent’s debt market setting a new record for this week of the year. Bonds were issued by private and public entities totaling $113 billion, according to Bloomgerg calculations, with issuers rushing to anticipate a further hike in interest rates.
Also Italy recorded major trades by banks and non-financial corporations, albeit at a lower level than in the same period last year. In the week from 9 to 13 January, bonds were placed for one total of 4.9 billion eurosless than the 6.4 billion in the same period last year.
Operations of the week
The first operation was to It is in thewhich has placed new 1.75 billion euro perpetual hybrid bonds to refinance some of its outstanding hybrid bonds. UniCredit issued a 1 billion euro Senior Preferred bond aimed at institutional investors. Pirelli placed its first sustainability-linked bond with international institutional investors for 600 million euro. BPM desk completed a Green Senior Preferred issue for an amount of 750 million euro. Banca Ifis placed a Senior Preferred bond issue for 300 million euro. Iccrea Banca has carried out a new social issue of the senior preferred category for 500 million.
| Company | Date | Size (millions of euros) | Typology |
| It is in the | 09/01/2023 | 1,750 | Perpetual hybrids |
| UniCredit | 10/01/2023 | 1,000 | Senior preferred |
| Pirelli | 11/01/2023 | 600 | Sustainability-linked |
| BPM desk | 11/01/2023 | 750 | Green senior preferred |
| Banca Ifis | 01/13/2023 | 300 | Senior preferred |
| Icreate | 01/14/2023 | 500 | Social senior preferred |
ENI’s announcement
Eni instead it announced the start of the offer starting from 16 January 2023 of the first ones bonds intended for the public in Italy linked to its own sustainability objectives (Eni Sustainability-linked Bonds 2023/2028). The bonds will have a duration of 5 years for a total value of 1 billion euro. This amount may be increased up to 2 billion euros in case of excess demand.
Operations from last year
In 2022 It is in the had inaugurated the year with the placement of a 2.75 billion euro Sustainability-Linked bond in three tranches, followed by UniCredit with two Senior Preferred issues for a total value of 1.75 billion euro. They had joined them snam with the first Sustainability-Linked Bond for 1.5 billion euro in two tranches e BPM desk with a Tier 2 subordinated issue of 400 million euro.