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Italy plans to place dollar bonds for the first time since 2010

23.04.2018 10:00:05

Italy can return to the market of dollar bonds for the first time since 2010 and place dollar state bonds either at the end of this year or in the first half of 2019. This was stated at a meeting with institutional investors by the new head of the debt administration of Italy, David Iacovoni. In 2010, Italy entered the dollar bond market with 5-year bonds worth 2.5 billion dollars. According to Bloomberg, currently there are in circulation bonds for 3.5 billion dollars with repayment in 2023 and 2 billion dollars with repayment in 2033. In March, after the parliamentary elections in Italy, the yield of Italian bonds fell and the spread with German state bonds hit a minimum since 2016.

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