Prada leads burst of Italian equity-linked issuance

The Italian market has seen its second equity-linked deal in two days as Deutsche Bank launched the awaited €700m ($627m) &quotgoing public&quot convertible bond for fashion house Prada.

This week Merrill Lynch and Schroder Salomon Smith Barney sold a $2.2bn (€2.5bn) equity-linked bond for Fiat, the vehicle manufacturer, which the banks said was the largest dollar- denominated exchangeable from a European issuer.

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Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is ReachedExternal link

Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is Reached