Italy takes €84bn book with new 20 year

By Burhan Khadbai
08 Sep 2020

All eyes were on Italy in the primary euro public sector bond market on Tuesday as it pipped Spain for the biggest ever order book for a eurozone sovereign syndicated bond in the 20 year part of the curve.

Following the mandate announcement on Monday, leads Crédit Agricole, Deutsche Bank, Goldman Sachs, IMI-Intesa Sanpaolo and JP Morgan began taking indications of interest on Tuesday morning with initial price thoughts of 12bp area over the 3.1% March 2040 BTP.

With over €64bn of ...

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