Italian corporates could shed periphery label, say bankers

By Richard Metcalf
14 Aug 2014

As the premium paid by Italian corporate issuers dwindled ahead of summer, senior bankers suggested that the periphery designation was no longer appropriate. The country's official return to recession last week did little to change their minds.

"We need to bin this peripheral, non-peripheral language," said one banker, who added that he didn't expect corporates to continue to pay an additional premium for being based in Italy.

Another banker agreed, saying: "There is still a peripheral premium for Spanish and especially Portuguese credit, but the Italian ...

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