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Valtion velkakello tikittää, mutta korko ei raksuta

Valtion velkakello tikittää, mutta korko ei raksuta
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Italy Drives Harder Bargain on Bonds After Investors Back Draghi

(Bloomberg) Italy’s new prime minister Mario Draghi got an early endorsement from investors who flooded a government debt sale with orders, allowing the country to secure a better price than it initially targeted.After the bond sale went live on Tuesday morning, it was soon on course to rack up record orders of over 110 billion euros ($134 billion) for the 10-year portion, more than 10 times the amount on sale.Italy’s Treasury then cut the yield it was offering on both maturities to 4 basis points above existing debt on the 10-year bond from initial guidance of 8 while the price on a 30-year inflation-linked maturity went to 22bps over the benchmark from 27. The combined transaction amounted to 14 billion euros.The tightened pricing prompted many investors to walk away and the orderbook stood at around 65 billion euros on the 10-year bond by the time arrangers set final terms. That leaves the deal well short of the record 108 billion euros of demand set in June last y

American Airlines Weighs Debt Deal to Refinance Treasury Loans

(Bloomberg) American Airlines Group Inc. is weighing a return to the debt market as soon as March to help pay back loans from the U.S. government that have helped keep the company afloat through the pandemic.Goldman Sachs Group Inc., which last year helped United Airlines Holdings Inc. use its frequent-flier program to backstop new debt, is sounding out potential credit investors in a debt deal for American, according to people familiar with the matter. American, which backed a $7.5 billion U.S. Treasury loan with its frequent-flier program, is considering doing the same with its new debt, said the people, who asked not to be named because the matter is private. Terms are still fluid and could change, they said.American was in the first wave of carriers to tap billions of dollars in loans included in the $2 trillion Cares Act for economic relief from the pandemic. Goldman is in talks with investors for a $7 billion to $9 billion refinancing in the coming months for the Fort Worth, Te

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