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Italy launches 30-year bond at 20-22 bps over 2048 BTP - Lead

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By Fawad MaqsoodReuters
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MILAN: Italy launched a 30-year syndicated bond sale on Wednesday, setting an initial price guidance of 20-22 basis points over its outstanding March 2048, BTP bond, according to a lead manager.

The Treasury is now taking indications of interest and expects to price the benchmark-sized deal later on Wednesday.

Banca IMI, BNP Paribas, Credit Agricole CIB, Deutsche Bank and Goldman Sachs International Bank are the joint lead managers for the syndacated issue.

Copyright Reuters, 2019

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