MILAN, June 11 (Reuters) - Italy has mandated banks for a syndicated sale of a new 20-year BTP bond, the Treasury said on Tuesday.
Morgan Stanley, Monte dei Paschi di Siena Capital Services, NatWest Markets, Nomura and Societe Generale have been appointed joint-lead managers of the deal, it said in a statement. The new bond will mature on March 1, 2040.
The sale will be held in the near future, depending on market conditions, the statement said.
Worries about a bitter global trade war and risks of recession have pushed investors into longer-dated bonds in recent weeks, pushing Italian 10-year yields towards its lowest level in a year.
Reporting by Elvira Pollina, editing by Silvia Aloisi and Gareth Jones