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15-year BTP: Launched

EGB SYNDICATION
  • Size: E10bln (MNI expected E5-10bln)
  • Spread set at 3.25% Mar-38 BTP + 11 bps (guidance was + 13 bps area)
  • Books closed in excess of E77bln (inc E2.275bln JLM interest)
  • Maturity: 01 October 2039
  • Settlement: 7 February 2024 (T+5)
  • Coupon: Fixed, S/A ACT/ACT (full first coupon on 1 April 2024 accruing from 1 October 2023)
  • ISIN: IT0005582421
  • Bookrunners: Barclays/ BNPP (B&D/DM) / Citi / IMI-Intesa Sanpaolo / Morgan Stanley
  • Timing: Books are closed. Allocations and pricing to follow
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