New 5yr BTP Italia orders reach 4 bln euros since the start of the offer

Kitco Media
By Reuters
Published:
Updated:
Reuters
ROMA, March 7 (Reuters) - Total retail orders for Italy's new 5-year 'BTP Italia' bond reached 4 billion euros ($4.27 billion) since the beginning of the offer, Milan bourse data showed on Tuesday . Retail orders amounted to 360 million euros by 830 GMT. On Monday, the first day of offering, the Treasury raised a total of 3.64 billion euros. The Treasury will offer the new inflation-indexed bond to small savers until the market close on Wednesday, unless it decides to end the sale earlier. Professional buyers can place orders on Thursday. The minimum guaranteed real annual coupon was set at 2% for the bond due March 14, 2028. In November, via a similar bond with a 6-year maturity, the Treasury raised a total of 11.99 billion euros. ($1 = 0.94 euros) (reporting by Valentina Consiglio, editing by Alvise Armellini)

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