The Republic of Italy priced 7.291 billion euros of inflation-linked bonds with a coupon of 2.45 percent and due date of March 2016, according to a banker involved in the transaction.

Banca IMI and UniCredit SpA (UCG) managed the fundraising, the banker said.

To contact the reporter on this story: Hannah Benjamin in London at hbenjamin1@bloomberg.net

To contact the editor responsible for this story: Paul Armstrong at parmstrong10@bloomberg.net