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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
SSA
PRCD
ITALY
Republic of Italy€20,000
2EMEA
Jan 8, 2026
currency
EUR
size (m)
15,000.000
maturity
Mar 15, 2033
type
Fixed
tenor
7.000
call
-
registration
144A/Reg S
benchmark
BTP
ranking
Sr. Unsecured
moody's
Baa2
s&p
BBB+
fitch
BBB+
size description
-
re-open/tap
No
ipt
-
ipt-pxd
-2
guidance
BTP+9 area
spread
7
coupon
3.15%
spread set
-
price
99.90100
yield
3.191%
book size (m)
150,000
peak book (m)
-
x-covered
10
book attrition
-
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
150,000
peak book (m)
-
x-covered
10
book attrition
-
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
currency
EUR
size (m)
5,000.000
maturity
Apr 30, 2046
type
Fixed
tenor
20.000
call
-
registration
144A/Reg S
benchmark
BTP
ranking
Sr. Unsecured
moody's
Baa2
s&p
BBB+
fitch
BBB+
size description
-
re-open/tap
Yes
ipt
-
ipt-pxd
-2
guidance
BTP+10 area
spread
8
coupon
4.10%
spread set
-
price
99.77800
yield
4.158%
book size (m)
115,000
peak book (m)
-
x-covered
23
book attrition
-
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
115,000
peak book (m)
-
x-covered
23
book attrition
-
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 150000; Registration: 144A/Reg S; Comments: EUR15bn 7yr, cpn 3.15% at 99.901, yld 3.191%. Spread: BTP+7; Book size: 115000; Registration: 144A/Reg S; Comments: EUR5bn 2046 Green Tap, cpn 4.10% at 99.778, yld 4.158%. Spread: BTP+8;
Use of Proceeds
7yr: General Corporate Purposes; 20yr: The proceeds of the Green bond will be used in accordance with recently updated Italy’s Framework for the Issuance of Sovereign Green Bonds

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