Italy issues first ultra-long bond in over two years

The country issued its first conventional long-dated bond for over two years on Tuesday

Italy issued its first conventional long-dated bond for over two years on Tuesday, successfully testing investor appetite for longer-term debt in weaker eurozone economies and raising expectations that Spain could follow suit soon with its own long-term bond.

The Italian 15-year bond had by midday collected around €8bn ($10.7bn) in orders. The successful sale could prompt Spain to launch a long-term bond in coming weeks, say investors and analysts.

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