Cassa del Trentino plans 20 year MTN as repo saves Italy’s 10 year

By Craig McGlashan, Jonathan Breen
30 Oct 2014

Italian SSAs drew a mixed bag this week, as one sub-sovereign outlined plans for a long dated deal, while the Italian government’s borrowing costs rose in a series of auctions except a sale of 10 year debt — which only the vagaries of the repo market kept in check.

The Province of Trento's funding arm — Cassa del Trentino — is set to sell a 20 year medium term note in the coming weeks, following a €150m deal earlier this month. The bond is set to be €20m and will have an amortising structure. The issuer regularly ...

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