Commentary & Deal Flow

Split-rated: Immobiliare Grande Distribuzione SIIQ SpA (IGDIM), rated NR/BB+/BBB- (stable/stable), has mandated BNP/MS jt glocos/Banca Akros/Citi/GS/Mediobanca/MPS Capital Services/UniCredit jt books to arrange a series of fixed-income investor calls today and tomorrow. A DealRoadshow will also be made available. BNP is coordinating logistics.

An inaugural EUR350m 5y Green RegS Bearer sr unsec note deal is expected to follow in the near future, subject to market conditions.  BNP is ESG Structuring Advisor. Biz: one of the largest listed real estate companies in Italy specialising in shopping centres and retail galleries. HQ: Ravena, Italy.