Italy in the news

  • Italy to offer guarantees of up to 100% on bank loans

    Italy is set to announce a new decree law that would allow banks to use public guarantees to cover 90%-100% of their lending.

    • 11.45 AM
  • Investors to stick with Italy, says BTP boss

    Italy’s borrowing is set to increase as it attempts to weather the economic impact of coronavirus. But Davide Iacovoni, director general of the Italian public debt office, told GlobalCapital that he did not expect investors to abandon the country’s debt. He also called for some form of European risk sharing.

    • 31 Mar 2020
  • Italy ‘not facing immediate downgrade’, says S&P

    The economic shock of the coronavirus outbreak is not likely to cause a downgrade to Italy’s credit rating, according to S&P in spite of the fact that its debt to GDP ratio could climb steeply in order to fund its response.

    • 30 Mar 2020
  • ESM's role in virus fight debated as Eurogroup unveils plans

    Market participants are debating whether the EU is responding quickly and strongly enough in the coronavirus crisis, after the bloc put off the question of how to involve the European Stability Mechanism on Monday evening.

    • 17 Mar 2020
  • Solidarity vital as Italian state, banks and companies face intensifying crisis

    The outlook for Italy continues to worsen, as both the coronavirus pandemic and financial markets rout deepened on Thursday. But essential services are functioning, in society and markets, and Italians are helping each other through the crisis, including with funding difficulties. By Jon Hay and Lewis McLellan

    • 12 Mar 2020
  • Fiscal splurge to underwrite EU's ‘coordinated’ Covid-19 response

    The European Union is set to make at least €25bn of budget funding available for sectors affected by the Covid-19 coronavirus, as its institutions join forces to tackle the economic impact of the outbreak. Rules on state aid and public finance will also be loosened, giving member states more room to launch fiscal stimulus measures.

    • 11 Mar 2020
  • SSA secondary pricing update: yields fall but spreads mostly hold

    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, February 24. The source for secondary trading levels is ICE Data Services.

    • 25 Feb 2020
  • SSA secondary pricing update: SGP 50 year green tightens 4bp

    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, February 17. The source for secondary trading levels is ICE Data Services.

    • 18 Feb 2020
  • Italy ‘analysing’ Enel’s sustainability-linked format

    Italy is considering the sustainability-linked bond format pioneered by Italian electricity and gas company Enel, but Davide Iacovoni, head of Italy’s debt management office, thinks the structure may not suit the sovereign’s priorities of ensuring liquidity and maximising reach.

    • 17 Feb 2020
  • Italy EUR9bn 1.45% Mar 36

    • 13 Feb 2020
  • Hot demand for short and long in euros

    Borrowers hit screens in euros from three to 50 years this week, all enjoying heavily subscribed books and pricing with skinny new issue premiums thanks to investors’ confidence in consistent support from the European Central Bank.

    • 13 Feb 2020
  • Monetary policy outweighs virus fears

    Investors in the SSA market are piling into long dated bonds, leaving aside any coronavirus-driven fears and swelling the order books on 30 year and 50 year paper to record breaking levels, in what bankers are calling a 'one way market'.

    • 12 Feb 2020
  • Italy smashes newly minted order book record with 15 year

    Italy printed €9bn with a 15 year benchmark on Tuesday, wowing onlookers with a new Italian order book record and a 4bp move from initial price thoughts.

    • 11 Feb 2020
  • Italy to get in ahead of Spain as peripherals go long

    Italy is on screens with a 15 year benchmark, opting for the long end of the curve in spite of the concern some bankers have expressed about the difficulty of selling long dated debt.

    • 10 Feb 2020
  • CDP lining up social housing bond

    Cassa Depositi e Prestiti will come to market on Tuesday with a 10 year euro benchmark financing social housing projects in Italy.

    • 03 Feb 2020

Dealer League Table Italy

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 UniCredit 1.96 1 11.18%
1 SG Corporate & Investment Banking 1.96 1 11.18%
1 Nomura 1.96 1 11.18%
1 Morgan Stanley 1.96 1 11.18%
1 Goldman Sachs 1.96 1 11.18%

European Sovereign Bonds

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 13.99 19 12.04%
2 HSBC 8.85 11 7.62%
3 BofA Securities 8.25 31 7.10%
4 BNP Paribas 8.19 12 7.05%
5 Credit Agricole CIB 7.86 7 6.76%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Citi 15.31 29 11.91%
2 JPMorgan 12.68 24 9.87%
3 Goldman Sachs 10.13 19 7.88%
4 BofA Securities 9.53 26 7.42%
5 TD Securities Inc 8.39 18 6.53%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 25.60 45 9.95%
2 HSBC 23.02 54 8.95%
3 UniCredit 19.53 41 7.59%
4 BofA Securities 17.62 52 6.85%
5 BNP Paribas 16.38 31 6.36%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 42.17 123 8.45%
2 HSBC 35.18 101 7.05%
3 Citi 30.80 70 6.18%
4 BofA Securities 29.50 95 5.91%
5 Barclays 26.81 71 5.38%