May 14, 2014 / 7:44 AM / 4 years ago

Italy opens books on new March 2030 bond - lead

MILAN, May 14 (Reuters) - Italy started collecting orders on Wednesday for a new 15-year bond it is planning to issue through a syndicate of banks, an official at one of the banks managing the deal said.

Initial indications of interest from investors are for around 7 billion euros ($9.6 billion), the official said.

Based on initial price guidance, the new bond maturing in March 2030 would offer a premium of 12-14 basis points over the yield of Italy’s September 2028 bond.

The pricing of the issue is expected later on Wednesday.

$1 = 0.7296 Euros Reporting by Elvira Pollina, editing by Paola Arosio

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