MNI BRIEF: Japan Oct Services PPI Rises 2.9% Vs. Sept 2.8%

MNI BRIEF: Cuts Should Be Timely But Cautious - Buba's Nagel

MNI BRIEF: ECB Policy Decisions Based On Broad Analysis- Lane

MNI China Daily Summary: Monday, November 25

MNI: China CFETS Yuan Index Up 0.01% In Week of Nov 22

MNI: PBOC Net Injects CNY76.7 Bln via OMO Monday

MNI: UK NOV BRC SHOP PRICES +0.2% M/M, -0.6% Y/Y

MNI: JAPAN OCT SERVICES PPI +2.9% Y/Y; SEPT REV +2.8%

EZ/UK T-Bill Calendar: 2/3-Month ATB Auction on Tuesday

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Italy 2022 funding plans (3/3)

EUROZONE ISSUANCE
  • BTPei: Gross issuance expected to be in line with 2021 levels and net positive (against a E11bln redemption). A new 10-15-year BTPei is planned via syndication.
  • CCTeu: Continue to examine use of syndication for new issues. More gross issuance than in 2021 (E24.5bln) but net amount zero or marginally negative (E27bln for redemption). At least one new benchmark expected with 3-10 year maturity.
  • Green BTP: MEF will consider reopening existing Green BTP via either auction. Possibility to launch a new issue with MEF maintaining flexibility over the maturity and choice of execution.
  • Global/EMTN: At least 1 new single/multi-tranche syndication. Existing securities can be reopened via syndication. Aim to consolidate the MEF’s “frequent issuer” role.
  • BTP Italia: E2bln issue due to mature in 2022 and MEF to evaluate the opportunity to launch a new BTP Italia in the year to maintain the viability of the instrument. Loyalty bonus retained for retail only.
  • BTP Futura: At least one new issue in 2022, with the MEF To evaluate a potential second issue if financing conditions / need warrant this.
BulletMarketsFixed Income BulletsHomepage
BulletMarketsFixed Income BulletsHomepage

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.