Euroland Municipal Bonds: New city states
Investors in Italian local authorities look to regions rather than cities to provide real liquidity. Marcello Esposito, an analyst of the sector at BCI in Milan, sees €250 million as the desirable minimum bond size..
Apart from the two or three biggest cities, he thinks only the regions can do €250 million. In June 1998, the central Italian region of Lazio, which includes Rome, obliged.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
