Story
Italy Appoints Banks for New Three-Tranche US Dollar Bond Sale
Summary
Italy's Treasury has mandated a group of major banks to manage an upcoming syndicated sale of U.S. dollar-denominated bonds. The new issuance will be offered in three tranches with maturities in 2031, 2036, and 2056.
The Italian Treasury announced on Monday that it has appointed a consortium of banks to manage the sale of a new three-tranche bond denominated in U.S. dollars. The transaction will be managed through a syndication process.
The bonds will be offered with three distinct maturity dates. According to the Treasury's statement, the tranches are set to mature on July 14, 2031, July 14, 2036, and July 14, 2056.
The banks selected to handle the transaction are BofA, Citigroup, Goldman Sachs, and Morgan Stanley. These institutions will act as joint lead managers for the bond issuance.
AdThe Treasury indicated that the sale will proceed in the near future. The exact timing of the issuance will be contingent upon prevailing market conditions.