Italian bond breaks records

The Italian government will today issue the biggest deal in the European bond markets this year after raising the size of a 30-year bond by 50% to €6bn ($7.2bn). The hike came after investors placed orders worth €13.5bn.

The government initially targeted €2bn from the deal but yesterday raised this to €4bn after investors placed €10bn worth of orders and then raised it again this morning.

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