italy has hired banks for the syndicated launch of a new green btp due in april 2035 with the transaction expected to be launched in the near future subject to market conditions the italian ministry of economy and finance said monday the banks hired as lead managers are bofa securities citibank credit agricole cib deutsche bank and mps capital services the proceeds of the bond will be used in accordance with italys green bond framework published in february 2021 the ministry said the eligible expenditures are intended to contribute to the achievement of one or more of the six environmental objectives of the eu taxonomy and to support the 2030 united nations sustainable development goals stated in the green bond framework it added