Italy in the news

  • 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
  • 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

Dealer League Table Italy

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Intesa Sanpaolo SpA 13.19 4 13.32%
2 UniCredit 12.62 4 12.74%
3 Monte dei Paschi 12.09 4 12.21%
3 BNP Paribas 12.09 4 12.21%
5 JPMorgan 6.98 3 7.05%

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 52.84 126 11.22%
2 JPMorgan 42.57 94 9.04%
3 HSBC 33.66 96 7.14%
4 Goldman Sachs 32.16 57 6.83%
5 BofA Securities 31.86 78 6.76%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 69.14 149 8.96%
2 BNP Paribas 64.99 112 8.42%
3 UniCredit 54.35 126 7.04%
4 HSBC 47.17 141 6.11%
5 Credit Agricole CIB 46.65 108 6.04%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 133.89 367 7.63%
2 Citi 110.33 249 6.28%
3 HSBC 98.49 310 5.61%
4 BofA Securities 88.47 242 5.04%
5 BNP Paribas 85.16 179 4.85%