Italy Plans to Raise Up to EUR5 Billion in New March 2038 BTP

By Emese Bartha

Italy has hired banks for the syndicated sale of a new government bond, or BTP, with maturity in March 2038, with the transaction planned to be launched in the near future, subject to market conditions, the Italian treasury said Monday.

The treasury plans to issue maximum 5 billion euros ($5.28 billion) in the new debt, it said.

The banks hired for the transaction are Barclays Bank Ireland PLC, Goldman Sachs Bank Europe SE, J.P. Morgan SE, Nomura Financial Products Europe GmbH and UniCredit SpA.

Write to Emese Bartha at [e-mail]

(END) Dow Jones Newswires

05-23-22 0748ET