Italy in the news

  • Salvini snaps to send Italian capital markets into a spin

    An impressive rally in Italian risk assets has been completely overturned this week, as Italy descended into political chaos. Some market participants now fear a repeat of last year, when Italian issuers were frozen out of debt and equity markets as the country’s government fought with the European Commission over its annual budget targets. Tyler Davies and Sam Kerr report.

    • 15 Aug 2019
  • Investors duck out of BTP market as election threatens

    Disruption in Italian politics has punished the BTP market this week as the country heads towards a possible autumn general election.

    • 14 Aug 2019
  • Italian election threat drives BTP/Bund spread wider

    Rising expectations of a snap Italian election before the end of the year are threatening to send the spread between 10 year Bunds and BTPs wider by as much as 250bp, according to analysts.

    • 12 Aug 2019
  • Yield hunters beckon eurozone periphery after Greek and Italian successes

    Borrowers across the eurozone periphery will have spied a chance to raise capital after deals from Greece and Italy’s Banco di Desio this week.

    • 18 Jul 2019
  • Italy joins long maturity euro festa

    Italy has hired banks to tap its 2.8% March 2067 BTPs, as the week's supply of long term euro debt shows little sign of abating.

    • 08 Jul 2019
  • Italian Mini BOTs ‘won’t be implemented’, says Tria

    Giovanni Tria, Italy’s minister of economy and finance, rebuffed the chances of a controversial ‘Mini BOT’ financial instrument coming into effect, as he gave a keynote address at the start of Euromoney's Global Borrowers and Bond Investors Forum in London on Tuesday.

    • 18 Jun 2019
  • Italy EUR6bn 3.1% Mar 40

    • 13 Jun 2019
  • Investors plough €54bn of orders into periphery

    Investors piled into deals for Spain and Italy on Wednesday despite the miniscule yields on offer, as the spectre of further easing of monetary policy looms large over the market.

    • 12 Jun 2019
  • Italy rebuffs EU warnings with new 2040 benchmark

    Italy has surprised the market by hitting screens with a new 20 year euro benchmark trade while it is facing disciplinary action from the European Union for having excessive debt.

    • 12 Jun 2019
  • Italy ploughs ahead with controversial Mini-BOTs

    Italy’s parliament stunned the capital markets this week when it waved through a radical motion to explore issuing securities that resemble a parallel currency to the euro, in a development that has been met with almost universal derision. Frank Jackman, Lewis McLellan and Mike Turner report.

    • 06 Jun 2019
  • Issuers shy away from euro FIG market

    Financial institution issuers surprised market participants with no deals in the euro market on Monday after a busy period of roadshows. And as the week moves towards the European Central Bank's announcements on Thursday, issuance conditions might not improve.

    • 03 Jun 2019
  • All eyes on Italy before crucial S&P review

    The public sector bond market is braced for S&P’s review of Italy’s credit rating this Friday. Investor analysts said a downgrade would result in a “material widening” of BTPs if the sovereign fell to just one notch above investment grade.

    • 24 Apr 2019
  • Three sovereigns hit MTNs

    A trio sovereigns went to the MTN market over the past week, including Italy, which issued a yen bond for the first time since 2009. The deal, led by Nomura, was also its first issue in a foreign currency since 2010.

    • 28 Mar 2019
  • Italy returns to yen bonds after 10 year absence

    Italy has issued a yen bond for the first time since 2009. The deal, led by Nomura, is also its first issue in a foreign currency since 2010.

    • 27 Mar 2019
  • The week in renminbi: Italian Panda nears, Bank of Beijing plots JV with ING, Shanghai tech board reveals early applicants

    In this round-up, Cassa Depositi e Prestiti signed a memorandum of understanding (MoU) with Bank of China to issue a Rmb5bn Panda bond, Bank of Beijing and ING agreed to launch a JV and the Shanghai tech board published detailed information on nine IPO candidates.

    • 25 Mar 2019

Dealer League Table Italy

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 UniCredit 3,113.87 2 10.10%
1 Citi 3,113.87 2 10.10%
3 Goldman Sachs 2,649.13 2 8.59%
3 Deutsche Bank 2,649.13 2 8.59%
5 JPMorgan 2,284.74 1 7.41%

European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 17,683.39 29 10.66%
2 Citi 13,595.38 21 8.19%
3 Goldman Sachs 12,302.04 22 7.41%
4 HSBC 12,224.45 15 7.37%
5 BNP Paribas 11,306.61 19 6.81%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 30,035.14 74 11.43%
2 JPMorgan 28,857.73 75 10.98%
3 HSBC 18,795.39 47 7.15%
4 Barclays 17,883.71 42 6.80%
5 Bank of America Merrill Lynch 16,023.83 61 6.10%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 34,680.26 81 9.38%
2 BNP Paribas 25,099.76 62 6.79%
3 Credit Agricole CIB 24,029.17 65 6.50%
4 Goldman Sachs 23,977.03 51 6.48%
5 UniCredit 23,539.60 68 6.36%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 72,657.14 349 7.87%
2 Citi 56,982.66 177 6.17%
3 HSBC 54,638.28 218 5.92%
4 Barclays 47,859.89 169 5.18%
5 Bank of America Merrill Lynch 40,445.49 149 4.38%