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Italy Seeks To Ride Wave Of Demand Unleashed By EU Covid Conds (FT)

ITALY

The boost provided by the EU's Covid-related borrowing is helping Italy stretch out the maturity of its public debt and insulate it from a future rise in interest costs, Rome's debt chief has said. Davide Iacovoni, who oversees a debt pile worth more than €2.4tn, said the red-hot demand for the EU's inaugural sale of Covid-linked debt last week — which attracted a record-breaking €233bn of orders — was supportive for Italy's bonds.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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