The Ministry of Economy and Finance announces the details of the placement of the $ 2.5bn 3.125% Global bond due 26th January 2015, priced yesterday.
The distribution by investor type has been: Central Banks and Official Institutions 41.8%, Asset Managers 6.2%, Banks 44.2%, Hedge Funds 2.7%, Pension Funds and Insurance Companies 1.2%, Others 3.9%.
The distribution breakdown on geographical basis is as follow: Asia 32%, North America 45.1%, Latin America 6%, Europe 14.9% (of which United Kingdom 5.9%) and Middle East 2%.
Lead managers for the transaction have been Barclays, Citi and Credit Suisse
The proceeds of the bond offering will be used for general purposes of the Italian Government, including debt management purposes.
This announcement is not an offer for sale of any securities, which will be made only by means of a prospectus and prospectus supplement, a copy of which will be obtainable from CREDIT SUISSE SECURITIES (EUROPE) Ltd at One Cabot Square E14 4QJ London.