Italy
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Political stability and banks' recovery has created a constructive market for ECM -
Spreads to tighten further as yield grab drives BTPs towards pre-2008 spreads to Bunds
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Block trade of €560m hedges JP Morgan position, cuts Stone Island family’s stake
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Books for the European sovereign’s €5bn deal were ‘sizable for a linker’
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A rerating of Lottomatica’s valuation has enabled Apollo to start exiting its position
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European sovereign tests inflation-linked market as EU brings a new green bond
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Infrequent issuer's less liquid curve makes judging fair value tricky
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Exor is underwriting the entire capital increase
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Governments may feel they save money with retail issues, but an illiquidity premium looms
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After a series of wide moves from IPTs, investors were pleased a deal began close to landing
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Belfius lands flat as Fineco prices with about 12.5bp of premium
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◆ Senior arrives a week after €5bn book for covered deal ◆ Latest orders land at €1.4bn ◆ Rival bankers say smaller book down to smart execution, not saturation
