Italy takes €90bn book for 30 year

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By Burhan Khadbai
22 Oct 2020

The strong momentum in the euro public sector bond market continued on Thursday with Italy receiving a huge reception for a new 30 year line, which was sold alongside a tender of various outstanding Italian government bonds.

Leads BNP Paribas, Deutsche Bank, JP Morgan, MPS Capital Services and Nomura opened the books on Italy’s new September 2051 euro benchmark with initial price thoughts of 10bp area over the September 2050 BTP.

About two hours later, the books ballooned to over €80bn, ...

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