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

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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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