Italy Issues 17.5 Billion Euros in Dual-Tranche Bond Transaction

Published: 2026-04-15 06:02:18 ET C

Published on 04/15/2026 at 06:02 am EDT

By Emese Bartha

Italy issued 17.5 billion euros ($20.65 billion) in a dual-tranche transaction on Wednesday, including a new July 2036-dated nominal bond, or BTP, and a new 20-year February 2046-dated bond indexed to eurozone HICP ex-tobacco, or BTPei, via a bank syndicate, one of the banks said.

The 10-year BTP was sized at 14 billion euros and orderbooks for this bond closed in excess of 159 billion euros, including 7.2 billion euros in joint lead manager demand, the same bank said.

The issue size of the 20-year BTPei was set at 3.5 billion euros, and orderbooks for this bond closed in excess of 36 billion euros, including 2.8 billion in joint lead manager demand.

The spread on the July 2036 BTP was set at February 2036 BTP yield plus 6 basis points, the same bank said.

The spread on the February 2046 BTPei was set at May 2039 BTPei real yield plus 32 basis points.

Citigroup, Credit Agricole CIB, Deutsche Bank, IMI-Intesa Sanpaolo, Santander and Societe Generale are the joint lead managers.

Write to Emese Bartha at [email protected]

(END) Dow Jones Newswires

04-15-26 0601ET