Italy in the news

  • 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
  • Italy EUR3bn 1.3% May 28 linker

    • 09 Mar 2017

Dealer League Table Italy

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 19 Jul 2017
1 UniCredit 15,751.64 10 22.52%
2 Intesa Sanpaolo SpA 14,960.36 10 21.39%
3 Goldman Sachs 5,098.22 4 7.29%
4 HSBC 4,310.77 3 6.16%
5 Citi 3,914.79 3 5.60%

European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 Citi 14,891.10 17 9.46%
2 Barclays 12,759.91 17 8.11%
3 HSBC 12,732.87 18 8.09%
4 BNP Paribas 12,133.14 16 7.71%
5 JPMorgan 10,382.02 14 6.60%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 Citi 33,810.56 82 12.15%
2 JPMorgan 30,730.06 80 11.05%
3 HSBC 21,125.88 53 7.59%
4 Bank of America Merrill Lynch 20,817.31 63 7.48%
5 Deutsche Bank 19,672.75 44 7.07%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 HSBC 26,261.47 79 7.41%
2 Barclays 25,367.48 60 7.15%
3 BNP Paribas 25,241.18 48 7.12%
4 UniCredit 25,109.75 69 7.08%
5 JPMorgan 25,047.63 70 7.06%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 Citi 64,707.03 216 7.61%
2 JPMorgan 64,103.16 349 7.54%
3 HSBC 54,776.10 208 6.44%
4 Barclays 49,173.78 145 5.78%
5 Deutsche Bank 45,614.64 170 5.37%