Italy obliterates doubts with €110bn book

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Italy obliterates doubts with €110bn book

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Closeup of Italy on a map and Euro coins | zimmytws - stock.adobe.com

Any concerns over Italy’s market access were vanquished on Tuesday when the sovereign received €110bn of orders for a dual tranche bond syndication, allowing it to raise €16bn as it makes inroads into its enlarged funding task in response to the coronavirus pandemic.

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