The first securitization of delinquent assets for the Italian state body that governs occupational injury payments, Istituto Nazionale per l'Assicurazioni Contro gli Infortuni sul Lavoro (Inail), will be for a total of Lit1.5 trillion ($767 million), the body's president Gianni Billa told reporters attending a conference in Rome.

He added that the deal would be launched "as soon as possible", but that no lead manager had yet been selected.

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