The republic of italy has added liquidity to the short end of its curve with a €3.2bn tap of the 2.3% October 2021 BTP alongside an accelerated tender offer that saw the sovereign buy back an equivalent amount of five other bonds. The deal was a technical exercise, according to two leads, similar to the one conducted in October when the sovereign bought back €3.8bn of the April 2020 BTP Italia and tapped five nominal BTPs.
展开▼
