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CREDIT SUPPLY: BNSELL: Final Terms MS+64bp, >4bp NIC To Our FV, Debut Issuer

CREDIT SUPPLY

Banca Sella (BNSELL: Ba3/BBB) final terms are MS+64bp, books are above EUR700m (for EUR400m exp.), we see fair value around MS+58-60bp area, so some NIC for this debut covered issue.

  • “FINAL TERMS: Banca Sella EU400m Long 4Y Covered MS+64” - BBG

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