Italy Hires Banks for Dual-Tranche Bond Syndication
08 January 2024 - 12:08PM
Dow Jones News
By Emese Bartha
Italy hired banks for a dual-tranche government bond
syndication, including the launch of a new seven-year, February
2031-dated BTP and the 5 billion-euro ($5.47 billion) tap of the
existing 4.50% October 2053 BTP, the Italian Treasury said
Monday.
The transaction will be launched in the near future subject to
market conditions, it said.
The treasury said the auctions of seven-year BTPs and BTPs with
a maturity longer than 10 years scheduled for Jan. 11 won't take
place.
The banks hired as joint lead managers are Banca Monte dei
Paschi di Siena; Credit Agricole Corp. Investment Bank; Deutsche
Bank, Goldman Sachs Bank Europe and J.P. Morgan.
Write to Emese Bartha at emese.bartha@wsj.com
(END) Dow Jones Newswires
January 08, 2024 06:53 ET (11:53 GMT)
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