By Emese Bartha

Italy hired banks for a dual-tranche government bond syndication, including the launch of a new seven-year, February 2031-dated BTP and the 5 billion-euro ($5.47 billion) tap of the existing 4.50% October 2053 BTP, the Italian Treasury said Monday.

The transaction will be launched in the near future subject to market conditions, it said.

The treasury said the auctions of seven-year BTPs and BTPs with a maturity longer than 10 years scheduled for Jan. 11 won't take place.

The banks hired as joint lead managers are Banca Monte dei Paschi di Siena; Credit Agricole Corp. Investment Bank; Deutsche Bank, Goldman Sachs Bank Europe and J.P. Morgan.

Write to Emese Bartha at emese.bartha@wsj.com

(END) Dow Jones Newswires

January 08, 2024 06:53 ET (11:53 GMT)