Wires

Italy trims guidance for new 20-year govt bond - lead manager

MILAN, June 12 (Reuters) - Italy has trimmed its price guidance for a new 20-year government BTP bond to around 14 basis points over its outstanding September 2038 benchmark, from an initial guidance of around 16 basis points, a lead manager said on Wednesday.

Orders for the bonds, maturing in March 2040, have so far reached around 16 billion euros ($18 billion), the lead manager said.

($1 = 0.8825 euros) (Reporting by Elvira Pollina Editing by Mark Bendeich)