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MNI BRIEF: Italy Not Targeting A Curve On Green Bond Sales

(MNI) LONDON
ROME (MNI)

Italian debt managers will look to issue a longer-dated bond with a maturity over ten years when they shortly launch their first Sovereign Green Bond (SGB), Davide Iacovoni, head of Public Debt at Treasury, said Thursday, with the overall size to be determined by market demand. Due to the newness of the market, the Treasury wouldn't yet be looking to build a yield curve, he added.

There was no exact timing on when the first bond will be offered, although Iacovoni said it was imminent.

The bonds won't finance Recovery Plan Green investments, he said, noting that part of their use would be to refinance debt on investments made in the period between 2018-2020.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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