May 13, 2024 11:49 GMT
New 2037 BTP Green: Mandate
EGB SYNDICATION
"The Ministry of Economy and Finance announces that it has entrusted BNP Paribas, Crédit Agricole Corp. Inv. Bank, Deutsche Bank AG, NatWest Markets NV and UniCredit SpA with the mandate for the placement of a new BTP Green 30 October 2037. The placement operation will be held in the near future based on market conditions".
(per Ministry of Finance)
- We had expected the next Italian syndication to come later this month after the takeup of the 6-year BTP Valore was much lower than previous retail operations.
- We noted in our daily EGB issuance publication that the most obvious new maturity would be for a new 30-year conventional BTP or a new BTP Green (possible 2040 maturity).
- For more on this and next week's EGB supply, see here.
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