January 18, 2017 / 6:08 PM / a year ago

Italy placed 60-65 pct of new 15-yr bond abroad

MILAN, Jan 18 (Reuters) - Italy has placed 60-65 percent of a new 15-year bond it issued on Wednesday with foreign investors, in a sign of confidence in its debt despite a sovereign downgrade by DBRS rating agency last week, an official managing the sale said.

The person said U.S. investors took up around 30 percent of the 6 billion euro issue while a 20-25 percent share had gone to British investors. A 10 percent was bought by investors in Continental Europe.

The official also said allocation had given precedence to long-term investors, more likely to keep the bond in their portfolios, over opportunistic investors such as hedge-funds.

Reporting by Giulio Piovaccari, writing by Valentina Za

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below