Italy Raises Record 22.3 Billion Euros From Sale of Retail Bonds


(Bloomberg) -- A bond sale that amounted to a vote on Rome’s handling of the economic crisis has been a success, raising the most on record.

The four-day auction of inflation-linked bonds aimed primarily at the retail market ended Thursday, with the nation allocating 22.3 billion euros ($25 billion) worth of securities, according to a person familiar with the matter, who declined to be identified because they aren’t authorized to speak publicly about the deal.

The nation received about 14 billion euros in orders from retail investors, and more than 19 billion euros from institutional investors, of which it accepted a little over 40%. The five-year notes, intended for “Covid-19 emergency,” will have a final coupon of 1.4%.