EUROS

摘要

Italy last week sold 7.5bn of a new inflation-linked bond aimed at small investors, far less than such issues have raised in the past, as a low coupon and feeble inflation deterred buyers. Italy first launched these bonds tied to domestic inflation in March 2012 to tap large domestic savings when there was scant appetite for its debt abroad. A record 22bn issue a year ago was the largest single bond sale by a European government. The latest BTP Italia bond, however, caught investors between worries the week before last that the euro debt crisis might reignite and apprehension ahead of the release of the results of the European bank stess tests.