Italy in the news

  • Italy returns to dollars following second Futura

    Italy made a strong return to the dollar market on Tuesday with a deal over three times covered, which came following the conclusion of the sovereign’s second BTP Futura bond sale at the end of last week.

    • 19 Nov 2020
  • Italy returns to dollars as World Bank takes $8bn with dual tranche

    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.

    • 17 Nov 2020
  • Italy goes back to the Futura with less demand than debut

    Italy received less interest for its second BTP Futura bond last week than its inaugural deal in the format earlier in the year.

    • 16 Nov 2020
  • Italy preps dollar return as SSAs hit post-US election market

    Italy held a series of investor calls on Thursday in preparation for a trip to the dollar bond market. Italy returned to the currency last year after almost a decade away, and announced that it intends to access the market every year.

    • 12 Nov 2020
  • SSA secondary pricing update: EU's SURE debut screeches tighter

    Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark and bid-yields from the close of business on Monday, October 26. The source for secondary trading levels is ICE Data Services.

    • 27 Oct 2020
  • Italian BTPs rally after surprise upgrade with green framework and dollar bond expected soon

    Italian government bonds rallied across the curve on Monday after S&P upgraded its outlook on the sovereign on Friday in response to the country’s extraordinary fiscal measures and support from the European Central Bank’s asset purchase programme and the European Union’s incoming recovery fund. The positive sentiment bodes well for the imminent publication of Italy’s green bond framework and plans to return to the dollar market in the coming weeks.

    • 26 Oct 2020
  • Italy takes €90bn book for 30 year

    The strong momentum in the euro public sector bond market continued on Thursday with Italy receiving a huge reception for a new 30 year line, which was sold alongside a tender of various outstanding Italian government bonds.

    • 22 Oct 2020
  • Italy and Québec jump into strong euro SSA market

    Italy and the Province of Québec will add to the euro public sector supply on Thursday, hoping to capitalise on the strong momentum in the currency following the European Union’s record order book earlier in the week.

    • 21 Oct 2020
  • Back to the Futura part two: Italy to sell second Covid-19 retail bond in November

    The Italian Ministry of Economy and Finance will issue a second BTP Futura next month, following its debut bond in the format earlier this year, as part of its plans to seek greater participation from retail investors to fund its additional borrowing needs resulting from the coronavirus pandemic.

    • 21 Oct 2020
  • Italy EUR10bn 1.8% Mar 41

    • 10 Sep 2020
  • Italy takes €84bn book with new 20 year

    All eyes were on Italy in the primary euro public sector bond market on Tuesday as it pipped Spain for the biggest ever order book for a eurozone sovereign syndicated bond in the 20 year part of the curve.

    • 08 Sep 2020
  • Italy on screens for 20 year

    Italy is returning to the international debt market for another syndication, its first since June.

    • 07 Sep 2020
  • EIB loans Italy €2bn for healthcare

    Italy will receive a €2bn loan from the European Investment Bank to help cover the reinforcement of its healthcare system required to deal with the coronavirus pandemic.

    • 03 Aug 2020
  • Italy eyes second BTP Futura before year-end

    Following the sale of its first government bond targeted exclusively to retail investors last week, Italy may issue another such bond before the end of the year, depending on the evolution of its funding needs, which are still not finalised.

    • 15 Jul 2020
  • Italy enters Futura with modest reception from retail investors

    Italy did not set the world alight with the sale of its first government bond targeted exclusively to retail investors. The proceeds will be used to finance measures related to Italy's post-Covid-19 economic recovery.

    • 13 Jul 2020

Dealer League Table Italy

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Intesa Sanpaolo SpA 15.42 5 14.37%
2 UniCredit 14.85 5 13.83%
3 Monte dei Paschi 12.09 4 11.26%
3 BNP Paribas 12.09 4 11.26%
5 JPMorgan 6.98 3 6.50%

European Sovereign Bonds

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 42.49 60 10.43%
2 BNP Paribas 35.95 41 8.82%
3 Citi 29.08 41 7.14%
4 BofA Securities 25.35 63 6.22%
5 Barclays 23.24 40 5.70%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Citi 57.16 137 11.24%
2 JPMorgan 45.74 102 9.00%
3 Goldman Sachs 36.90 61 7.26%
4 HSBC 35.20 100 6.92%
5 BofA Securities 33.73 82 6.63%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 75.70 168 8.86%
2 BNP Paribas 70.62 127 8.27%
3 UniCredit 59.43 140 6.96%
4 Credit Agricole CIB 53.73 121 6.29%
5 HSBC 52.45 165 6.14%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 144.37 404 7.55%
2 Citi 121.52 276 6.35%
3 HSBC 106.04 345 5.54%
4 BofA Securities 94.90 253 4.96%
5 BNP Paribas 92.17 201 4.82%