SG Corporate and Investment Banking arranged its first bond for the Italian treasury this morning with a €5bn ($6.1bn) sale which received about €9bn in orders.

SG led the 15-year bond, which is the largest from any sovereign issuer so far this year, alongside Credit Suisse, HSBC, ING and MPS Finance Banca Mobiliare, a subsidiary of Italy's Banca Monte dei Paschi di Siena.