By Devika Patel
Knoxville, Tenn., Sept. 8 - The Republic of Italy sold $2 billion of 2.125% three-year global notes at Treasuries plus 120 basis points on Wednesday, according to an FWP filing with the Securities and Exchange Commission.
The notes priced at 99.74 to yield 2.215%. They may not be redeemed prior to maturity.
Settlement is expected Sept. 16.
Deutsche Bank AG, London Branch; Goldman Sachs International; Morgan Stanley & Co International plc; Barclays Bank plc; BNP Paribas; Citigroup Global Markets Inc.; Credit Suisse Securities (Europe) Ltd.; HSBC Bank plc; J.P. Morgan Securities Ltd.; Merrill Lynch International; Royal Bank of Scotland plc; and UBS Ltd. were the underwriters.
| Issuer: | Republic of Italy
|
| Issue: | Global notes
|
| Amount: | $2 billion
|
| Maturity: | Sept. 16, 2013
|
| Underwriters: | Deutsche Bank AG, London Branch; Goldman Sachs International; Morgan Stanley & Co International plc; Barclays Bank plc; BNP Paribas; Citigroup Global Markets Inc.; Credit Suisse Securities (Europe) Ltd.; HSBC Bank plc; J.P. Morgan Securities Ltd.; Merrill Lynch International; The Royal Bank of Scotland plc; and UBS Ltd.
|
| Coupon: | 2.125%
|
| Price: | 99.74
|
| Yield: | 2.215%
|
| Spread: | Treasuries plus 120 bps
|
| Call option: | None
|
| Pricing date: | Sept. 8
|
| Settlement date: | Sept. 16
|
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