Italian Treasury spearheads dual-offering periods

• Autores: Danielle Myles
• Localización: International financial law review, ISSN-e 0262-6969, Vol. 33, Nº. 5 (Jun2014), 2014
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • The article reports on the plan of the Italian Treasury to implement a dual-phased distribution structure that was tested in the BTP Italia bond issuance. An expert's analysis of the advantage of the dual-offering distribution period and the period required for intermediaries to reassess their investor filters is offered. The implication of the structure for lead banks is discussed.