Italy rids memories of 2018 with strong BTP Italia return

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By Burhan Khadbai
24 Oct 2019

Italy won huge backing from investors as it placed its first BTP Italia trade since a poorly received deal in November 2018, which came during the peak of the volatility in the country’s bond market.

The sovereign raised €6.75bn for an October 2027 BTP Italia through Banca IMI and UniCredit. The placement period began on Monday and concluded on Wednesday.

“The order book was very strong in terms of the distribution and the quality of the accounts,” Pietro Bianculli, co-head of UniCredit’s ...

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