UniCredit’s €1.5bn five-year senior unsecured bond is Financial News's pick as investment banking deal of the week, as the Italian group tapped into positive sentiment to show it could access the debt markets above and beyond the European Central Bank's latest cheap funding programme.
Citigroup, Natixis, Societe Generale and UniCredit launched the bond on Wednesday morning at around 09:00 GMT and closed the books at about 10:30 GMT after receiving strong demand from investors.