Italy Issues EUR5 Billion in New October 2031 CCTeu in Exchange Operation
June 28 2023 - 8:23AM
Dow Jones News
By Emese Bartha
Italy issued 5 billion euros ($5.48 billion) in a new October
2031-dated floating rate notes or CCTeu as part of a syndicated
exchange transaction, one of the lead managers said Wednesday.
Books for the new bond closed in excess of EUR17.2 billion,
including EUR1 billion joint lead-manager interest, the same bank
said.
The spread on the new bond was set 114 basis points above
six-month Euribor.
As part of the transaction, Italy bought back bonds maturing in
2023 and 2025.
Lead managers of the exchange operation were Banca Monte dei
Paschi di Siena, BNP Paribas, Intesa Sanpaolo and UniCredit.
Write to Emese Bartha at emese.bartha@wsj.com
(END) Dow Jones Newswires
June 28, 2023 09:08 ET (13:08 GMT)
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