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.
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