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Italy plans to tap 3.875% notes due 2051; talk at Libor mid-swaps plus 190 bps area
By Cristal Cody
Chicago, Nov. 16 – The Republic of Italy is preparing a tap of its Securities and Exchange Commission-registered 3.875% issue of senior notes due May 6, 2051 for Wednesday business, according to a market source.
Price talk on the additional notes is in the Libor mid-swaps plus 190 basis points area.
BNP Paribas, Citigroup and HSBC are working as bookrunners.
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