Italian supermarket Esselunga sweeps all before it — including BTPs

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Italian supermarket Esselunga sweeps all before it — including BTPs

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Is this bond expensive or are BTPs cheap? That was the question investors considering Wednesday’s debut corporate bond issue from Italian supermarket chain Esselunga had to answer. But there was more to come as an Italian high yield borrower also raised funds at sub-2% writes Nigel Owen.

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