Foreign Exchange & Fixed Income

Reuters exclusively reports Italy preparing for first dollar bond in eight years

Reuters exclusively reports Italy preparing for first dollar bond in eight years

Reuters was alone in reporting Italy is making preparations to issue its first dollar-denominated bond in eight years and is talking to investment banks about setting up swap infrastructure for the deal. Rome is keen to diversify its funding sources away from the euro zone bond market, especially as its sovereign borrowing needs are likely to rise to meet the election promises of the ruling coalition.