The Italian government is ready to step back into the securitization market, the Treasury announced recently. Inail, the state insurance agency for work-related injuries, is looking to raise in the region of L3 trillion ($1.7 billion) from the transaction, which will be backed by the recovery of false insurance claims.

The treasury has also picked the banks that will handle the transaction. The mandate has been jointly awarded to BNP Paribas, J.P. Morgan and Banca di Roma.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.