Italy in the news

  • ESM's role in virus fight debated as Eurogroup unveils plans

    Market participants are debating whether the EU is responding quickly and strongly enough in the coronavirus crisis, after the bloc put off the question of how to involve the European Stability Mechanism on Monday evening.

    • 17 Mar 2020
  • Solidarity vital as Italian state, banks and companies face intensifying crisis

    The outlook for Italy continues to worsen, as both the coronavirus pandemic and financial markets rout deepened on Thursday. But essential services are functioning, in society and markets, and Italians are helping each other through the crisis, including with funding difficulties. By Jon Hay and Lewis McLellan

    • 12 Mar 2020
  • Fiscal splurge to underwrite EU's ‘coordinated’ Covid-19 response

    The European Union is set to make at least €25bn of budget funding available for sectors affected by the Covid-19 coronavirus, as its institutions join forces to tackle the economic impact of the outbreak. Rules on state aid and public finance will also be loosened, giving member states more room to launch fiscal stimulus measures.

    • 11 Mar 2020
  • SSA secondary pricing update: yields fall but spreads mostly hold

    Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark and bid-yields from the close of business on Monday, February 24. The source for secondary trading levels is ICE Data Services.

    • 25 Feb 2020
  • SSA secondary pricing update: SGP 50 year green tightens 4bp

    Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark and bid-yields from the close of business on Monday, February 17. The source for secondary trading levels is ICE Data Services.

    • 18 Feb 2020
  • Italy ‘analysing’ Enel’s sustainability-linked format

    Italy is considering the sustainability-linked bond format pioneered by Italian electricity and gas company Enel, but Davide Iacovoni, head of Italy’s debt management office, thinks the structure may not suit the sovereign’s priorities of ensuring liquidity and maximising reach.

    • 17 Feb 2020
  • Italy EUR9bn 1.45% Mar 36

    • 13 Feb 2020
  • Hot demand for short and long in euros

    Borrowers hit screens in euros from three to 50 years this week, all enjoying heavily subscribed books and pricing with skinny new issue premiums thanks to investors’ confidence in consistent support from the European Central Bank.

    • 13 Feb 2020
  • Monetary policy outweighs virus fears

    Investors in the SSA market are piling into long dated bonds, leaving aside any coronavirus-driven fears and swelling the order books on 30 year and 50 year paper to record breaking levels, in what bankers are calling a 'one way market'.

    • 12 Feb 2020
  • Italy smashes newly minted order book record with 15 year

    Italy printed €9bn with a 15 year benchmark on Tuesday, wowing onlookers with a new Italian order book record and a 4bp move from initial price thoughts.

    • 11 Feb 2020
  • Italy to get in ahead of Spain as peripherals go long

    Italy is on screens with a 15 year benchmark, opting for the long end of the curve in spite of the concern some bankers have expressed about the difficulty of selling long dated debt.

    • 10 Feb 2020
  • CDP lining up social housing bond

    Cassa Depositi e Prestiti will come to market on Tuesday with a 10 year euro benchmark financing social housing projects in Italy.

    • 03 Feb 2020
  • Italy EUR7bn 2.45% Sep 50

    • 16 Jan 2020
  • SSAs reap rewards in euro long end

    A triple-A rated supranational and two sovereigns from the eurozone periphery took the opportunity to lock in low rates at the long end this week, amid strong market conditions. SSA bankers expect more supply to follow at this part of the curve over the coming weeks, including from France and potentially Greece.

    • 16 Jan 2020
  • Italy and Belgium books soar as records keep tumbling

    Italy and Belgium were the latest eurozone sovereigns to build their largest ever order books for syndicated bonds on Wednesday, with the former coming close to breaking the record demand from a eurozone issuer set by Spain on Tuesday.

    • 15 Jan 2020

Dealer League Table Italy

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 UniCredit 1.96 1 11.18%
1 SG Corporate & Investment Banking 1.96 1 11.18%
1 Nomura 1.96 1 11.18%
1 Morgan Stanley 1.96 1 11.18%
1 Goldman Sachs 1.96 1 11.18%

European Sovereign Bonds

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 13.99 19 12.94%
2 BofA Securities 8.12 30 7.52%
3 SG Corporate & Investment Banking 7.84 8 7.25%
4 Citi 7.75 10 7.17%
5 Goldman Sachs 7.52 12 6.96%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Citi 13.52 26 12.74%
2 JPMorgan 9.96 18 9.38%
3 BofA Securities 7.57 23 7.13%
4 TD Securities Inc 7.45 16 7.03%
5 BMO Capital Markets 7.21 14 6.79%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 23.92 38 11.01%
2 UniCredit 17.54 37 8.08%
3 HSBC 16.71 44 7.70%
4 BofA Securities 15.01 44 6.91%
5 BNP Paribas 13.24 25 6.09%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 37.69 106 9.05%
2 HSBC 27.79 88 6.67%
3 Citi 26.12 62 6.27%
4 BofA Securities 24.93 84 5.99%
5 Goldman Sachs 21.27 42 5.11%