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Italy 15-year Benchmark: Guidance

EGB SYNDICATION
  • EUR Benchmark Long 15Y Fixed (Oct. 1, 2039) BTPS+13 Area
    • Coupon: Semi-annual, act/act
  • Benchmark Security: BTPS 3.25% 3/2038
  • Issuer: Italy Buoni Poliennali Del Tesoro (BTPS)
  • Ratings: Baa3/BBB/BBB/BBBH (Moody's/S&P/Fitch/DBRS)
  • Format: Reg S, dematerialized, registered, senior unsecured, 144a eligible, CAC
  • Settlement: Feb. 7, 2024
  • Denoms: 1k x 1k
  • Bookrunners: Barclays, BNPP (B&D), Citi, IMI, MS
  • Note: Will pay full first coupon on April 1, 2024 (accruing from Oct. 1, 2023)
  • Target Market: Eligible counterparties, professional clients and retail clients (all distribution channels)
(Details as per Bloomberg)

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