Simmons & Simmons and Allen & Overy (A&O) have advised on the Italian Government’s €18bn (£14.4bn) bond sale, reportedly the largest-ever single debt offering in Europe.

The third issue of the four-year inflation-linked ‘BTP Italia’ bond raised the sum over just four days – significantly more than the previous issues under the debt programme in March and June, on which A&O and Simmons also advised.