Italy tightens dollar bond price guidance; demand exceeds $4.5 bln-lead manager
Published on: Monday 16 November 2020
Italy started the sale of a five-year U.S. dollar bond on Tuesday, receiving initial investor demand of over $4.5 billion, according to a lead manager memo seen by Reuters. Italy revised price guidance on the bond, due Feb 17 2026, to around 95 basis points over mid-swaps, from around 100 basis points on Monday when the sale was first announced, the memo said.
