MTS SPA, known for specializing in Italian and German government bonds, has opened its "Telematico" electronic platform to asset-backed securities trading, as a hefty, yet-to-be issued bond from the Italian state pensions agency (INPS) will soon trade on the wholesale electronic market.

The introduction of the asset-backed securities issue - which is split into three tranches, each worth 1.5 billion euros - marks the first time that a corporate bond will be traded in the wholesale market, as a market-making obligation applied to the issue looks to provide sufficient liquidity for trading in the secondary market.

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