Italy scores aggressive linker print
The Republic of Italy’s 2021 inflation-linked bond, priced at 28bp over the September 2019 BTPei, did not quite reach the tight end of guidance (+27bp-30bp), but nevertheless achieved an aggressive print of swaps plus 1bp-2bp. Some said the deal should have been larger while others felt Eu3bn at such a tight level was a terrific achievement. The Slovak Republic issued its debut international bond – a Eu1.5bn 10 year – to be governed by domestic law, thereby taking a further step in its European integration Read EuroWeek on Friday for Italy’s and Slovakia’s views
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