Italy and EU to hit euro SSA market ahead of Pepp boost

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By Burhan Khadbai
02 Jun 2020

Italy and the European Union will reboot the euro public sector bond market on Wednesday after announcing syndications of new 10 and 15 year bonds, respectively. The deals will come ahead of the European Central Bank’s meeting on Thursday, in which it is widely expected to increase the size of its Pandemic Emergency Purchase Programme (Pepp).

BNP Paribas, Citi, HSBC, MPS Capital Services, NatWest Markets and UniCredit have been mandated to lead Italy’s new December 2030 benchmark.

The choice of maturity is in line with the Italian Treasury’s updated debt management strategy for 2020, in which it said ...

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