Italy gets blowout book for linker

By Lewis McLellan
02 Oct 2019

Italy’s first inflation-linked syndication in more than two years hit the market on Wednesday and raised €4bn from a book of €22bn, far outstripping the €6.4bn book for its previous linker sale.

Banca Imi, BNP Paribas, JP Morgan, NatWest Markets and Société Générale ran the books for the deal — a May 2030 BTPei linked to the European consumer price index.

The issuer would have been happy to print €2bn, but because of the size and ...

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