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Taking advantage of favorable market conditions on the back of dovish signaling from the ECB, the Italian treasury has planned a syndicated reopening of a 50-year bond for Monday.
Syndicated reopening of 50 year BTP mef.gov.it/en/ufficio-sta… via @MEF_GOV
Syndicated reopening of 50 year BTP mef.gov.it/en/ufficio-sta… via @MEF_GOV
2.8% coupon, Mar 2067 maturity. The government has been unable to reopen this line since January 2018, when market volatility began to rise prior to the last election.
ilsole24ore.com/art/il-tesoro-…
ilsole24ore.com/art/il-tesoro-…
Domestic press suggest that the Tesoro could issue another ~€2bn, compared to the €6.6bn currently outstanding.
You have to hand it to these guys. If there is one government agency that has kept the country afloat, it's the debt management office.
But then again, they also have many years of practice managing a massive public debt pile.
@thwillow, perhaps there is an interesting story to be told about the euro area sovereign debt crisis from the perspective of treasury officials and public debt management offices. Has anyone written anything on this, to your knowledge?
