Italy enjoys searing demand as investors ignore election fear

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By Craig McGlashan
08 Jun 2017

Public sector issuers from the eurozone periphery this week drew big books on deals that later tightened in secondary trading, as expectations that Italy could be added to the long list of European elections this year failed to deter investors.

The Italian sovereign took €23.7bn of orders for a €6.5bn March 2048 Reg S/144A bond on Wednesday. A day earlier, Fondo de Amortización del Déficit Eléctrico (FADE) built a more than €2bn book for a €1bn June 2020 Reg S-only bond that was priced at the tightest ever ...

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