Chicago, April 4 The Republic of Italy (Baa3/BBB/BBB/DBRS:BBBH/Scope:BBB+) priced 10 billion of Buoni del Tesoro Poliennali (BTP) securities due in 2031 on Tuesday, according to information from a source.
The 4% securities priced at 99.888 to yield 4.056%, or at BTPs plus 8 basis points. Guidance was in the BTPs plus 10 bps area.
The joint lead managers for the Rule 144A and Regulation S deal are BBVA, BNP Paribas, BofA Securities, Credit Agricole CIB and MPS Capital Services.
The final order book went over 52.9 billion, including 1.625 billion of interest from the joint lead managers.
Proceeds will be used in accordance with Italys framework for the issuance of sovereign green bonds.
| Issuer: | Italy
|
| Amount: | 10 billion
|
| Issue: | Buoni del Tesoro Poliennali securities
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| Maturity: | Oct. 30, 2031
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| Bookrunners: | BBVA, BNP Paribas, BofA Securities, Credit Agricole CIB and MPS Capital Services
|
| Coupon: | 4%
|
| Price: | 99.888
|
| Yield: | 4.056%
|
| Spread: | BTPs plus 8 bps
|
| Trade date: | April 4
|
| Settlement date: | April 13
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | BTPs plus 10 bps area
|
| ISIN: | IT0005542359
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