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Analysis: Dearth of Italian bond deals flashes long-term debt danger

Dearth of Italian bond deals flashes long-term debt danger

Reuters  |  LONDON/MILAN 

By Abhinav Ramnarayan and Giulio Piovaccari LONDON/MILAN (Reuters) - Just eight months into a period of intense political strife, Italy's debt profile is starting to deteriorate as the country is forced to depend on shorter-dated local bond auctions and small individual savers to raise money. Staggering under a debt ratio of 130 percent of annual economic output and one of the world's biggest bond issuance programmes, Italy needs its borrowing to be low-cost but also long-maturity; generally, the longer the tenor of the debt, the lower the risk of repayment ...

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First Published: Wed, November 21 2018. 13:27 IST
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