Italy Issues EUR10 Billion in New October 2039 BTP

By Emese Bartha

Italy issued 10 billion euros ($10.85 billion) in a new October 2039-dated fixed-rate government bond, or BTP, via a bank syndicate on Wednesday, one of the lead manager banks said.

Orderbooks for the new Italian bond closed in excess of EUR77 billion, including EUR2.275 billion joint lead manager interest, the same bank said.

The spread on the bond was set at 3.25% March 2038 BTP plus 11 basis points.

Joint lead managers of the transaction were Barclays Bank Ireland PLC, BNP Paribas, Citibank Europe PlC, Intesa Sanpaolo S.p.A. and Morgan Stanley Europe SE.

Write to Emese Bartha at [e-mail]

(END) Dow Jones Newswires

01-31-24 0631ET