* The Region of Lazio is to make its international capital markets debut through a global MTN programme in a pioneering move that will make it the first public authority in Italy to enter the MTN market. Under the facility, arranged by Merrill Lynch, Lazio plans to raise approximately Lit400bn per year. The details of the region's first issue, which will probably be launched next year, are yet to be determined but it is expected to be a long dated bond with an amortising structure.
November 28, 1997