Italy tightens dollar bond guidance, demand exceeds $1 bln - lead
MILAN, Nov 17 (Reuters) - Italy tightened guidance on a 30-year U.S. dollar bond reopening on Wednesday, receiving initial investor demand of over $1 billion, according to a lead manager.
The guidance on the bond, due May 6 2051, was revised to around 185 basis points over Libor mid-swaps, from around 190 basis points on Tuesday when the Treasury hired a pool of banks for the tap of the issue.
The bond will be priced later on Wednesday.
BNP Paribas, Citigroup Global Markets Europe AG and HSBC Continental Europe are managing the sale.
Last April, Italy raised a total $3.5 billion from its 3- and 30-year U.S. dollar bonds via a syndicate of banks, with orders over $11 billion. (Reporting by Sara Rossi; Editing by Toby Chopra)
