ITALY TO PLACE NEW USD BONDS TODAY, CAP IS USD 4BLN FOR US INVESTORS; MORE ISSUANCE COULD FOLLOW
By Silvia Marchetti ROME (MaceNews) – Italy will issue at 10:30 am EST Thursday a second round of US-dollar-denominated bonds with the goal of consolidating a stable and solid presence in the US market through a broad range of maturities after last year’s first issuance. Rome’s Treasury announced it has mandated Barclays Bank PLC, BofA Securities Europe […]
ITALY LIKELY TO ‘PRESS PAUSE’ ON MORE DEFICIT SPENDING; DEBT CONCERNS RISE – SOURCES
By Silvia Marchetti ROME (MaceNews) – Italy’s ruling coalition parties are trying to limit further boosting pandemic deficit spending as fears of long-term debt sustainability rise, according to party officials. Despite pledges made in recent weeks to do “whatever it takes” to tackle the COVID-19 second wave and reassure markets, the “intention is to avoid […]
ITALY’S CONTE: GOVT TO IMPLEMENT NEW MULTI-TIER COVID RESTRICTIONS
By Silvia Marchetti ROME (MaceNews)- Italy’s government will implement new anti-COVID restrictions in a bid to tackle the second pandemic wave that is rocking the country, Prime Minister Giuseppe Conte told parliament on Monday. “The pandemic is worsening. The government is forced to intervene with new measures through a multi-tier system based on regional contagion […]
BANK OF ITALY’S VISCO: EZ DEFLATION RISK MUST NOT BE OVERLOOKED’
By Silvia Marchetti ROME (MaceNews) – The Bank of Italy governor Ignazio Visco warned on Friday “not to overlook” the risk of deflation in the eurozone even though current deflationary risks are lower than they were six months ago. “The probability of deflation is still very lower, however, the share of operators expecting an inflation […]
ITALY BANKS’ NET BAD LOANS FELL TO E24 BLN IN AUGUST
Bt Silvia Marchetti ROME (MNI) – The volume of Italy banks’ net bad loans fell to E24 billion in August, down from E32 billion a year ago and E40 billion in 2018, Italy’s Banking Association ABI said Tuesday in a report. Since November 2015, when the highest peak in bad loans reached E89, there has […]