The issue of the first tranche of the new CCTeu expiring on April 15, 2029 was concluded with the assignment of an amount equal to 6 billion euros. This was announced by the Italian Treasury.
The bond has enjoyment on 15 April 2021 and a six-month coupon indexed to the 6-month Euribor with an additional spread of 65 basis points. The settlement of the transaction is set for 1 July.
The bond was placed at a price of 99.689 corresponding to a yield of 69 basis points on the 6-month Euribor.
The placement was carried out through a syndicate, consisting of four lead managers, BNP Paribas, Citigroup Global Markets Europe AG, Monte dei Paschi di Siena Capital Services Banca per le Imprese SpA and UniCredit SpA while the remaining Specialists in Italian government bonds were invited as co-lead manager.