THE ADVENT of a pan-European bond market moved several steps closer to reality with the launch of this week's superliquid 10 year bond for the Republic of Italy. At Eu4bn (around $4.4bn), the deal was the largest euro denominated transaction to date as well as the largest fixed income Eurobond to be launched in one tranche. Its status as the 10 year euro benchmark is assured.
February 13, 1998