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Italy 30-year mandate

EGB SYNDICATION
  • "The Republic of Italy has mandated Deutsche Bank, J.P. Morgan, Nomura, Societe Generale and UniCredit to joint lead manage a new euro 30-year benchmark. Maturity date will be 1st October 2053."
  • "The transaction is expected to be launched in the near future subject to market conditions."
  • MNI had noted both last week and earlier today that we thought that the probability of a relatively near-term transaction had increased following the announcement that the longest maturity BTP on offer at Tuesday’s auction would be the 15-year BTP.
  • MNI pencils in a transaction size of E6-7bln.

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