Inail, the Italian securitisation of industrial injury insurance payments that will be launched next week, has a much better chance of success than its social security-backed predecessor, INPS.

Inail, short for Istituto Nazionale per l'Assicurazione contro gli Infortuni sul Lavoro, will sell €1.35bn ($1.14bn) of triple A rated bonds that pay a margin over six month Euribor.