The Italian market has seen its second equity-linked deal in two days as Deutsche Bank launched the awaited €700m ($627m) "going public" convertible bond for fashion house Prada.
This week Merrill Lynch and Schroder Salomon Smith Barney sold a $2.2bn (€2.5bn) equity-linked bond for Fiat, the vehicle manufacturer, which the banks said was the largest dollar- denominated exchangeable from a European issuer.
