Italy in the news

  • QE driving Italian investors away from govvies

    The European Central Bank’s asset purchase programme is forcing down the yield on Italian debt, prompting Italian bank investors to reduce exposure to their sovereign’s paper.

    • 09 Aug 2017
  • Italy's Canatta: PIMCO's talking Balls

    Maria Canatta, director of Italy’s public debt, has hit back over comments about the country's government bonds made by Andrew Balls, PIMCO’s chief investment officer of global fixed income risk.

    • 21 Jun 2017
  • PIMCO's Balls warns on Italy risk

    Looming political risk in Italy make the sovereign’s levels of yield and the spread it offers over German Bunds look too low, according to Andrew Balls, chief investment officer of global fixed income at PIMCO.

    • 20 Jun 2017
  • CDP EUR1bn 1.5% Jun 24

    • 15 Jun 2017
  • Rare issuers make most of excellent pre-summer conditions

    Remarkably supportive conditions in the euro market allowed some rare SSA names to pull off strong deals this week, including a debut in the currency and a return from a two year hiatus.

    • 15 Jun 2017
  • CDP brings home €1bn in benchmark comeback

    Cassa Depositi e Prestiti sold its first syndicated bond in over two years on Wednesday, returning to capital markets at a time when Italy’s political future looks the rosiest it has for months.

    • 14 Jun 2017
  • Fed sidelines dollar deals for SSAs but euros still live

    All the action in the SSA bond markets switched to euros on Wednesday morning with the US Federal Reserve's imminent decision on interest rates quieting the dollar market.

    • 14 Jun 2017
  • CPPIB makes euro debut as CDP lines up return

    A trio of euro borrowers launched trades and a fourth picked banks on Tuesday in a market buoyed by a perceived renewal of European political unity following welcome results in elections in France and Italy at the weekend.

    • 13 Jun 2017
  • Italy EUR6.5bn 3.45% Mar 48

    • 08 Jun 2017
  • Italy enjoys searing demand as investors ignore election fear

    Public sector issuers from the eurozone periphery this week drew big books on deals that later tightened in secondary trading, as expectations that Italy could be added to the long list of European elections this year failed to deter investors.

    • 08 Jun 2017
  • FADE grabs three year euros as Italy prepares 30 year

    A pair of eurozone periphery SSAs are tackling opposite ends of the euro curve this week. Italy will launch a 30 year benchmark on Wednesday, while a Spanish agency drew a doubly subscribed book for a three year.

    • 06 Jun 2017
  • Euro market braces for next week’s ECB meeting

    While SSA syndicate bankers maintain that conditions in euros are still good, there was barely any issuance this week as attention turned to next week’s ECB meeting and a potential snap election looming in Italy. Meanwhile, the European Stability Mechanism and European Financial Stability Facility revamped their funding programmes in light of better than expected funding opportunities in the past few months.

    • 01 Jun 2017
  • Italy kicks €4.2bn of 2017 redemptions into next two decades

    The Italian Treasury on Thursday bought back €4.2bn of the November 2017 BTP Italia — more than €1bn above its target amount — as part of a syndicated exchange that swapped the bonds for paper maturing in the 2020s and 2030s.

    • 25 May 2017
  • The Fillon threat to French and Italian government bonds

    Fears of Marine Le Pen winning this year’s French presidential election may have receded but investors should be hoping that her loss will be to frontrunner Emmanuel Macron — and not to former favourite François Fillon.

    • 04 Apr 2017
  • CréditAg's $3bn capital deal starts green ABS race

    The revival of banks using securitization to free up regulatory capital could open new possibilities for accelerating the financing of a greener economy, as a ground-breaking deal demonstrated this week, write Jon Hay and David Bell.

    • 09 Mar 2017

Dealer League Table Italy

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 UniCredit 8,852.34 7 28.04%
2 Intesa Sanpaolo SpA 8,671.31 7 27.47%
3 HSBC 1,449.09 1 4.59%
3 Goldman Sachs 1,449.09 1 4.59%
3 Citi 1,449.09 1 4.59%

European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Citi 16,088.76 20 8.73%
2 HSBC 15,210.51 21 8.26%
3 BNP Paribas 13,600.58 19 7.38%
4 Barclays 13,491.76 19 7.32%
5 Goldman Sachs 12,661.40 23 6.87%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 40,395.00 104 11.69%
2 JPMorgan 39,421.51 106 11.41%
3 Bank of America Merrill Lynch 28,165.08 86 8.15%
4 HSBC 26,016.15 67 7.53%
5 Deutsche Bank 23,091.31 54 6.68%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 31,938.44 91 7.68%
2 UniCredit 30,615.95 95 7.36%
3 Goldman Sachs 28,739.59 76 6.91%
4 BNP Paribas 28,348.17 57 6.82%
5 Barclays 26,617.69 64 6.40%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 76,927.45 261 7.33%
2 JPMorgan 75,508.10 437 7.19%
3 HSBC 68,678.90 244 6.54%
4 Bank of America Merrill Lynch 58,336.30 179 5.56%
5 Barclays 53,257.86 172 5.07%