By Emese Bartha
Italy hired banks for a dual-tranche government bond syndication, including the launch of a new seven-year, February 2031-dated BTP and the 5 billion-euro ($5.47 billion) tap of the existing 4.50% October 2053 BTP, the Italian Treasury said Monday.
The transaction will be launched in the near future subject to market conditions, it said.
The treasury said the auctions of seven-year BTPs and BTPs with a maturity longer than 10 years scheduled for Jan. 11 won't take place.
The banks hired as joint lead managers are Banca Monte dei Paschi di Siena; Credit Agricole Corp. Investment Bank; Deutsche Bank, Goldman Sachs Bank Europe and J.P. Morgan.
Write to Emese Bartha at emese.bartha@wsj.com
(END) Dow Jones Newswires
01-08-24 0653ET
