Alice Gledhill is a reporter covering bank and insurance debt with a focus on the primary market. She also writes regularly about banking regulation. She joined IFR and IFR Markets in 2014.
Svenska Handelsbanken pulled ahead of the pack last Friday, selling a €750m 10-year non-call five Tier 2 ahead of competing capital supply expected this week, said to include the first US dollar Restricted Tier 1 bond.
Investors were fighting for allocations in UnipolSai’s €500m no-grow 10-year bullet Tier 2, with some €250m of the €1bn-plus orders due to be placed among the joint lead managers as a matter of priority.
The board of Italian insurer Generali has approved a new climate change strategy, supporting further investment within the green sector and scaling back its bond investments related to the coal industry.