The land that gave us Pavarotti, paparazzi, and pasta may add up to $5 billion of U.S. dollar global bonds to the list, sources familiar with the offering said yesterday.

The Republic of Italy has begun a road show expected to run through Sept. 14. Salomon Brothers Inc. and Goldman, Sachs & Co. are said to be co-leads on the offering. The maturity is expected to be 10 years, a source familiar with the deal said.

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