Three Italian banks have won the mandate to lead manage the debut bond for Barilla, the Italian food group, to partly refinance its €1.8bn ($1.8bn) acquisition of Kamps, the German bakery company.

IntesaBci, Mediobanca and UniCredit Banca Mobiliare will launch the €300m five-year unrated bond next week after a series of investor presentations in Milan this week. The transaction will be launched via Barilla Finance, a Luxembourg-based special purpose vehicle set up for the deal, and will carry an explicit guarantee from FinBa, the industrial holding company of Barilla.