Italy’s corporates relish bond funding, seek to widen access

Italy has had a rough ride in bond markets since 2011 – but that has not stopped a revolution in how companies fund themselves. From heavy reliance on banks, firms are now eager for a new source of funds – and in the capital markets, have found an ever-warming welcome. GlobalCapital met leading borrowers and banks on February 14, the day the Letta government fell – and as Moody’s was preparing to change its outlook on Italy to stable that evening.