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06:42 Nov 6, 2003
Italian to English translations [Non-PRO] Bus/Financial
Italian term or phrase:Mobiliare
Observers also point to the rapidly growing issuance of euro medium-term notes (EMTNs) linked to inflation. These bonds, issued by governments or supranational entities such as the European Investment Bank, tend to be swapped into nominal floating rates by the bookrunner, which takes on the inflation risk via an inflation swap. Data service MTN-i says more than $6 billion of inflation-linked EMTNs have been issued so far in 2003, with Unicredit Banca Mobiliare the largest bookrunner, followed by Morgan Stanley and BNP Paribas. The inflation-linked EMTNs, the vast majority of which have plain vanilla payouts, are sold mostly to retail customers, say dealers.
What does 'Mobiliare' of Unicredit Banca Mobiliare(an Italian bank) means?