Italy places inflation linkers ahead of bond sale

Craig McGlashan

July 28, 2015 04:30 pm

Italy kick-started a series of auctions this week by selling near the upper end of its target of inflation linked paper on Tuesday.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request demo or Login

✔ 4,000 annual insights
✔ 700+ notes and long-form analyses
✔ 4 capital markets databases
✔ Daily newsletters across markets and asset classes
✔ 2 weekly podcasts

The EU: bloc’s SAFE asset adds defence to jumbo programme

One of the key numbers for the SSA bond market is the EU’s borrowing need, published twice a year. The borrower has become one of the largest in the market, issuing €160bn of bonds in 2025, with a similar amount expected in 2026. It anticipates €700bn of funding needs between 2025 and 2030 in support of the various programmes it funds, including for NextGenerationEU. Now it has a new one: a €150bn instrument, which will disburse money to member states for defence in 2026. Siegfried Ruhl (pictured), hors classe adviser to the European Commission’s Directorate-General for Budget and Balazs Ujvari, Commission spokesperson for budget and administration spoke to GlobalCapital’s Ralph Sinclair about the issuer’s path ahead in the bond market.

Ralph Sinclair, December 18, 2025

SSAs flex pricing power in benchmark markets with lower new issue premiums

The public sector bond market digested more than $900bn of benchmark syndications in the first 10 months of 2025, close to the amount raised the previous year. New issue premiums varied by currency, with the biggest annual change in the euro market, writes Sarah Ainsworth

SSA issuers tipped to frontload once more as funding needs ramp up

US tariffs, greater sovereign borrowing needs and political upheaval proved no barrier to SSA issuers raising a large amount of funding in 2025, and getting it done early, writes Addison Gong. But those challenges were just a taster for what lies in store for 2026 when the market is likely to become even more crowded

Addison Gong, December 18, 2025

Bond Deals of the Year: Public sector borrowers — Debuts and derring-do define SSAs

The sovereign, supranational and agency bond market in 2025 featured a number of innovative debuts, bringing new issuers to this most venerable of asset classes. Meanwhile, some of its biggest names priced stellar deals, breaking records and pioneering new formats even in volatile markets

GlobalCapital, December 18, 2025

Credit issuers add new flavours to growing Australian dollar bond market

The Australian dollar bond market’s growth has propelled it to be the third most important funding currency for some international bond issuers. Its ability to offer investor diversification and arbitrage funding is attracting an increasing number of issuers from spread-conscious SSAs to banks and companies seeking strategic capital, write Sarah Ainsworth and Atanas Dinov

Italy places inflation linkers ahead of bond sale

Italy kick-started a series of auctions this week by selling near the upper end of its target of inflation linked paper on Tuesday.

Unlock this article.

Topics

Related articles

GlobalCapital's Review 2025 | Outlook 2026

The EU: bloc’s SAFE asset adds defence to jumbo programme

SSAs flex pricing power in benchmark markets with lower new issue premiums

SSA issuers tipped to frontload once more as funding needs ramp up

Bond Deals of the Year: Public sector borrowers — Debuts and derring-do define SSAs

Credit issuers add new flavours to growing Australian dollar bond market

Most recent