March 18, 2024 12:31 GMT
Italy New 10-year BTPei: Mandate
EGB SYNDICATION
MILAN, March 18 (Reuters) -
- "Italy's Treasury said on Monday it had hired five banks to issue a new inflation-linked BTP bond due May 15, 2036, via syndication".
- "The note will be launched in the near future subject to market conditions, and the inflation-linked bond auction scheduled for March 22 could be cancelled, it said".
- "To manage the sale the Rome-based ministry hired BBVA, BofASecurities, Citibank Europe Plc, HSBC Continental Europe and Societe Generale".
As noted in our daily issuance document, the potential for a 10/30-year BTPei or CCTeu syndication has been on our radar, but we had expected the transaction to take place later in the year. JP Morgan also recently noted the possibility of a 10-year linker or long-end green BTP "over the coming weeks".
125 words