Italy Sells EUR5 Billion in 2045 Green BTP Tap, Gets Robust Demand
By Emese Bartha
Italy sold five billion euros ($5.82 billion) in the syndicated
tap of the 1.50% April 2045 green BTP Wednesday, with the large
orderbook underpinning investors' robust appetite for green debt,
said one of the lead manager banks.
The reopening of the green government bond attracted an order
book in excess of EUR55 billion, including EUR3.75 billion demand
from the joint lead managers, said the same bank. The spread on the
bond was set 10 basis points above the yield of the 1.80% March
2041 conventional BTP.
Italy launched this green BTP in March, raising EUR8.5
The lead manager banks of Wednesday's transaction were BofA
Securities, Credit Agricole CIB, Deutsche Bank, MPS Capital
Services and Nomura.
Write to Emese Bartha at email@example.com
(END) Dow Jones Newswires
October 20, 2021 06:40 ET (10:40 GMT)
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