Italy in the news

  • Italy EUR7bn 2.45% Sep 50

    • 16 Jan 2020
  • SSAs reap rewards in euro long end

    A triple-A rated supranational and two sovereigns from the eurozone periphery took the opportunity to lock in low rates at the long end this week, amid strong market conditions. SSA bankers expect more supply to follow at this part of the curve over the coming weeks, including from France and potentially Greece.

    • 16 Jan 2020
  • Italy and Belgium books soar as records keep tumbling

    Italy and Belgium were the latest eurozone sovereigns to build their largest ever order books for syndicated bonds on Wednesday, with the former coming close to breaking the record demand from a eurozone issuer set by Spain on Tuesday.

    • 15 Jan 2020
  • Spain smashes euro SSA book record as Italy and Belgium line up

    Spain and Cyprus attracted strong demand for their syndicated bonds on Tuesday, with the former receiving the largest ever order book for a public sector euro benchmark. Italy and Belgium will add to the eurozone sovereign supply on Wednesday after mandating leads for new 30 and 10 year trades, respectively.

    • 14 Jan 2020
  • Italy eyes green debut in 2020

    Italy is planning to issue its inaugural green bond in the second half of 2020, joining Germany and Sweden, who are also looking to sell their debut bonds in the format next year.

    • 06 Dec 2019
  • Italy sells big inflation-linked PP

    Italy printed an €800m 20 year inflation linked private placement on Thursday, satisfying demand from a single investor.

    • 28 Nov 2019
  • UniCredit securitization frees up BTP book trapped in Fineco

    UniCredit has structured a a €7.75bn SME securitization called Impresa Two, which will allow the bank to free up a large book of Italian government bonds it had pledged to former brokerage subsidiary FinecoBank.

    • 14 Nov 2019
  • Rare European sovereign issues as market watches for tightening

    Luxembourg is issuing a euro benchmark bond on Wednesday, for the first time for almost three years, setting out to raise €1.7bn with a zero coupon seven year bond. Other issuers are waiting to pounce if the European Central Bank's quantitative easing resumption creates the right conditions.

    • 06 Nov 2019
  • Italy rids memories of 2018 with strong BTP Italia return

    Italy won huge backing from investors as it placed its first BTP Italia trade since a poorly received deal in November 2018, which came during the peak of the volatility in the country’s bond market.

    • 24 Oct 2019
  • Italy draft budget agreement ‘a welcome result’ for BTP investors

    The Italian cabinet’s late night agreement on a draft budget for 2020 will drive investors to hold longer maturity BTPs, causing spreads to tighten ahead of a potential rating outlook upgrade next week, said analysts.

    • 16 Oct 2019
  • Italy USD2.5bn 2.375% Oct 24, USD2bn 2.875% Oct 29, USD2.5bn 4% Oct 49

    • 10 Oct 2019
  • Italy ‘committed to dollar market’, says debt chief

    After making a strong return to the dollar bond market for the first time since 2010, Italy aims to become a frequent issuer in the currency once again, according to the sovereign’s funding head.

    • 10 Oct 2019
  • Italy gets huge book for dollar return, but questions linger over cost versus euros

    Italy delighted investors with its first dollar bond in almost a decade on Wednesday, as it raised $7bn across three tranches. However, bankers away from the deal said the sovereign paid up over its domestic cost of funding — something it had originally planned to avoid.

    • 09 Oct 2019
  • Italy begins price discovery for dollar triple tranche

    Italy is out with initial price thoughts for its first dollar bond since 2010 as it aims to rebuild its curve in the currency. The sovereign is taking indications of interest for five, 10 and 30 year maturities, ahead of an expected launch on Wednesday.

    • 08 Oct 2019
  • Italy announces long-awaited dollar return

    Italy is holding investor calls on Monday ahead of a planned multi-tranche global dollar benchmark, in what will be its first syndicated bond in the currency for almost a decade. The sovereign has been preparing its return to the public dollar market for a number of years and its plans were first reported by GlobalCapital.

    • 07 Oct 2019

Dealer League Table Italy

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Credit Agricole CIB 1.55 1 20.00%
1 Citi 1.55 1 20.00%
1 Barclays 1.55 1 20.00%
1 Monte dei Paschi 1.55 1 20.00%
1 BNP Paribas 1.55 1 20.00%

European Sovereign Bonds

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 4.91 7 12.17%
2 Citi 4.75 5 11.76%
3 BNP Paribas 3.91 6 9.69%
4 HSBC 3.01 4 7.45%
5 Credit Agricole CIB 2.59 2 6.41%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Citi 9.80 16 17.72%
2 Goldman Sachs 5.15 11 9.30%
3 TD Securities Inc 4.75 7 8.58%
4 BMO Capital Markets 3.98 5 7.19%
5 JPMorgan 3.74 7 6.77%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 7.98 11 8.59%
2 BNP Paribas 7.64 13 8.23%
3 BofA Securities 6.67 15 7.18%
4 Barclays 6.53 12 7.03%
5 Citi 6.39 9 6.88%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Citi 18.25 35 10.54%
2 JPMorgan 12.00 28 6.93%
3 Barclays 11.27 24 6.51%
4 Goldman Sachs 10.90 22 6.29%
5 BofA Securities 10.87 30 6.28%