The Italian government on Oct. 9 sold $7 billion in its first U.S. dollar-denominated bond issuance since September 2010, which reportedly attracted more than $18 billion in client orders.
The issuance came in three tranches, with five-year bonds worth $2.5 billion, 10-year bonds worth $2 billion, and 30-year bonds worth $2.5 billion.
Investor orders totaled more than $18 billion, a bank managing the transaction told Reuters. Barclays Bank PLC, HSBC Bank PLC and J.P. Morgan Securities PLC were the lead managers of the transaction.
Majority of eurozone government bonds carry negative yields, with Italy accounting for most of the bonds with positive yields, Reuters reported.
