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National Bank of Greece’s €750m five-year senior bond has traded down a point in secondary market, according to multiple banking sources.
National Bank of Greece, rated Caa1/CCC/CCC, is set to break through the traditional sovereign/bank pricing barrier on Thursday as it gears up to issue a €750m five-year senior bond at a lower yield than Greek government debt.
Assicurazioni Generali, rated Baa1/A-/A- at the senior level, is taking advantage of a dearth of supply in the insurance capital sector, opening books on a 12-year bullet as it seeks to replace a bond that has lost its regulatory benefit.
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