Italy hires banks for syndicated 12-year green BTP issue
Italy hires banks for syndicated 12-year green BTP issue MILAN, Sept 21 (Reuters) - Italy's Treasury said on Monday it had mandated a pool of banks for the syndicated sale of a new 12-year green BTP bond.
The new bond matures on October 30, 2038.
The transaction will be launched in the near future subject to market conditions, the Treasury said.
Green BTPs are Italian government bonds whose proceeds are used to finance state budget measures, including tax incentives and spending, with positive environmental impact, the Treasury said in a statement.
Barclays Bank Ireland PLC BARC.L, BNP Paribas BNPP.PA, Deutsche Bank DBKGn.DE, Intesa Sanpaolo ISP.MI, J.P. Morgan SE JPM.N and Société Générale Inv. Banking SOGN.PA will manage the issuance, it added.
(Reporting by Gianluca Semeraro, editing by Giulia Segreti)
((gianluca.semeraro@tr.com; +39 06 80 307 741;))
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