Italy in the news

  • 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
  • Italy's focus on retail is a smart move

    Italy is launching a new retail product, the BTP Futura, turning to its impressive stock of domestic savings to help finance its recovery. It’s an excellent move, and could be even more valuable to Italy’s recovery from the ravages of the coronavirus pandemic than the external support of the European Stability Mechanism.

    • 09 Jun 2020
  • SSA secondary pricing update: Italy trades tighter after PEPP boost

    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, June 8. The source for secondary trading levels is ICE Data Services.

    • 09 Jun 2020
  • Italy unveils ‘BTP Futura’ retail bond to fund Covid-19 response

    Italy’s ministry of economy and finance has announced a new government bond which will be reserved exclusively for retail investors, with the proceeds to fund the measures launched by the government to deal with the Covid-19 pandemic and support the recovery of the country.

    • 09 Jun 2020
  • ECB boosts Pepp but sov debt threats remain

    The European Central Bank delivered a welcome — and bigger than expected — increase to both the size and scale of its Pandemic Emergency Purchase Programme (Pepp) on Thursday, causing eurozone periphery spreads to ratchet in while staving off concerns of debt sustainability for the moment. Lewis McLellan reports.

    • 04 Jun 2020
  • Italy prints €14bn in new record-smashing effort

    Italy once again asserted its market access on Wednesday, raising a staggering €14bn — its biggest single tranche bond ever. The new issue was timed just ahead of Thursday’s ECB meeting, at which the governing council is expected to expand its Pandemic Emergency Purchase Programme (Pepp).

    • 03 Jun 2020
  • Italy and EU to hit euro SSA market ahead of Pepp boost

    Italy and the European Union will reboot the euro public sector bond market on Wednesday after announcing syndications of new 10 and 15 year bonds, respectively. The deals will come ahead of the European Central Bank’s meeting on Thursday, in which it is widely expected to increase the size of its Pandemic Emergency Purchase Programme (Pepp).

    • 02 Jun 2020
  • European Commission proposal offers hope of grants

    The European Commission has published its proposal for an EU recovery fund. Next Generation EU, as it has been dubbed, has impressed onlookers with promises of €500bn of grants and a further €250bn of loans for countries affected by the coronavirus pandemic.

    • 27 May 2020
  • Italy sells biggest ever BTP Italia to fund Covid-19 response

    Italy completed the sale a five year BTP Italia on Thursday for a record breaking size of €22.297bn to finance measures related to the Covid-19 pandemic. Demand for the product was boosted by the Franco-German EU recovery fund proposal.

    • 21 May 2020
  • Italy to bring new BTP Italia for Covid-19 response

    Italy has announced the details of a new BTP Italia sale, which will take place from Monday May 18, and be aimed at financing measures in response to the Covid-19 pandemic.

    • 15 May 2020

Dealer League Table Italy

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Intesa Sanpaolo SpA 13.19 4 14.71%
2 UniCredit 12.62 4 14.07%
3 Monte dei Paschi 10.22 3 11.40%
3 BNP Paribas 10.22 3 11.40%
5 JPMorgan 5.12 2 5.70%

European Sovereign Bonds

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 38.84 54 9.95%
2 BNP Paribas 33.77 38 8.65%
3 Citi 29.08 41 7.45%
4 BofA Securities 24.86 61 6.37%
5 Barclays 23.07 39 5.91%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Citi 51.31 118 11.65%
2 JPMorgan 39.25 85 8.91%
3 HSBC 32.24 89 7.32%
4 Goldman Sachs 31.65 55 7.19%
5 BofA Securities 30.95 75 7.03%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 63.08 139 8.90%
2 BNP Paribas 55.58 101 7.85%
3 UniCredit 46.75 113 6.60%
4 HSBC 45.25 133 6.39%
5 Credit Agricole CIB 43.66 101 6.16%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 124.42 345 7.56%
2 Citi 108.24 237 6.58%
3 HSBC 94.83 294 5.76%
4 BofA Securities 84.25 229 5.12%
5 Deutsche Bank 75.31 201 4.58%