Remaking of corporate Italy begins with new funding tools

However painful and irrational the bond market’s treatment of Italy has been at times in the past five years, the country’s top 100 companies — and more — are flocking to it. Markets may be turbulent and the price sometimes high, but investors have usually been happy to supply capital — often with astonishing eagerness. As Jon Hay reports, solving the funding and structural problems of Italy’s sub-scale medium sized firms may be a tougher challenge.