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 EUR76 billion--marginally lower than the initial data given at books' close--, 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. The new bond has a 4.15% coupon, and it was priced at 99.680, at a yield of 4.220%, the same bank said.
Joint lead managers of the transaction were Barclays Bank Ireland PLC, BNP Paribas, Citibank Europe PlC, Intesa Sanpaolo SpA and Morgan Stanley Europe SE.
Write to Emese Bartha at emese.bartha@wsj.com
(END) Dow Jones Newswires
01-31-24 0902ET
