Italy sells big inflation-linked PP

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By Lewis McLellan
28 Nov 2019

Italy printed an €800m 20 year inflation linked private placement on Thursday, satisfying demand from a single investor.

The €800m bond matures in September 2039 and carries a real yield of 0.913%. UniCredit priced the deal at par.

The deal was sold entirely to a “key insurance group”, according to Davide Iacovoni, director general of public debt for Italy.

The deal came alongside an Italian ...

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