Oct
04

Italy’s $5.6 Billion Sale of 50-Year Bonds Beats Peers’ in 2016

By
  • Country taps ultra-long end of debt curve for first time
  • Timing of securities sale ‘is almost perfect’: DZ Bank’s Lenz

Investors looked past Italy’s pending constitutional referendum and whether it threatens Prime Minister Matteo Renzi’s political future to buy 50-year government bonds, the nation’s longest-term debt ever.

Italy sold five billion euros ($5.6 billion) of the securities, exceeding deals by Spain and France this year for similar-maturity bonds, according to a person familiar with the matter, who’s not authorized to speak publicly and asked not to be identified. That contrasted with two- to three-billion-euro estimates analysts made before the sale began…

Italy’s $5.6 Billion Sale of 50-Year Bonds Beats Peers’ in 2016

Share
Categories : Uncategorized

Leave a Reply

You must be logged in to post a comment.