Free Trial

15-year BTP: Priced

EGB SYNDICATION
  • Reoffer: 99.680 to yield 4.220% Ann
  • Size: E10bln (MNI expected E5-10bln)
  • Spread set earlier at 3.25% Mar-38 BTP + 11 bps (guidance was + 13 bps area)
  • HR: 113% vs 3.25% Mar-38 BTP ref 91.29 / 4.110% Ann
  • Books closed in excess of E77bln (inc E2.275bln JLM interest)
  • Maturity: 01 October 2039
  • Settlement: 7 February 2024 (T+5)
  • Coupon: 4.15%, 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: TOE 13:23GMT / 14:23CET. FTT: 13:45GMT / 14:45CET
From market source

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.