Goldman Sachs has scooped a surprise share of the mandate to lead manage the forthcoming reopenings of three bond offerings by Olivetti, the Italian telecoms holding group that controls Telecom Italia.
The US investment bank joins Italian securities firm Caboto IntesaBci, JP Morgan Chase and Lehman Brothers as a bookrunner for the reopenings of Olivetti's 2007 and 2012 fixed rate bonds and the firm's floating rate offering that is due to mature in 2006.