The Mini-BOT mistake

Parts of Italy’s government want to issue securities that resemble a parallel currency to the euro. The plans may never come to anything but if they did, it would prove a Pyrrhic victory for the country's eurosceptics.

  • By Mike Turner
  • 06 Jun 2019

Italy’s ruling League party won some parliamentary backing this week for small denomination securities called Mini-BOTs, with parliament passing a motion allowing the idea to be investigated.

The plan is to issue securities to entities the government owes money to, which they can then use to pay for government ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 258,217.27 1163 8.45%
2 Citi 236,358.12 986 7.73%
3 Bank of America Merrill Lynch 202,456.88 830 6.63%
4 Barclays 186,995.98 767 6.12%
5 Goldman Sachs 146,305.33 608 4.79%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
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1 BNP Paribas 31,351.09 133 7.76%
2 Credit Agricole CIB 27,432.69 116 6.79%
3 JPMorgan 23,350.32 62 5.78%
4 Bank of America Merrill Lynch 22,852.01 62 5.65%
5 UniCredit 20,250.58 112 5.01%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 8,160.55 49 10.08%
2 Morgan Stanley 7,744.92 38 9.57%
3 Goldman Sachs 6,966.15 37 8.61%
4 Citi 5,856.44 44 7.24%
5 UBS 4,823.67 25 5.96%