ENI Eni Spa

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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