Italy returns to dollars as World Bank takes $8bn with dual tranche

By Burhan Khadbai
17 Nov 2020

Dollars was the flavour of the day for public sector borrowers on Tuesday as three issuers headed to the currency, raising a combined $12bn. Two more SSAs will follow with dollar deals on Wednesday.

Italy held a series of investor calls last week, sounding out the likely market reception for a February 2026 and a potential additional November 2050 bond. Italy opted to go with the former alone. The leads opened books on Tuesday morning with guidance of mid-swaps plus 95bp area, ...

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