Milan, Oct 8 - Orders for a 7-year bond launched by Italian drinks company Davide Campari-Milano swelled to 2.5-3.0 billion euros, sources close to the operation told Reuters as books closed on Thursday.
The company could therefore decide to issue slightly more than the 300 million euros ($442.8 million) initially indicated, they added.
"There's the possibility that the size might be slightly increased. It's up to the issuer to decide," one of the sources said.
The likely yield on the bond has been tightened slightly to around 250 basis points over mid-swaps from 250-260 bps.
"The amount and the exact yield will be decided in the next few hours," one of the sources said.
The bond will expire on Oct. 14, 2016. Campari appointed Banca IMI, BNP Paribas and Calyon to be lead managers on Oct. 1.