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BPER Primary: Little Evidence Of Rarity Value Or Greenium

FINANCIALS
FINAL TERMS: BPER Banca EU500m 6NC5 Green Sr Pref MS+160 (from IPT at +200 and guidance at +170). Books <EUR3.35bn (incl. JLM).
  • So good demand and, as we'd expected, wide of ISP's corresponding 110-115bp area. Rarity and greenium not in much evidence.

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