Orders for new 5-yr BTP Italia bond reach 6.57 bln euros in first two days of offer

Kitco Media
By Reuters
Published:
Updated:
Reuters
ROME, March 7 (Reuters) - Italy sold 2.93 billion euros ($3.10 billion) of its latest 'BTP Italia' inflation-linked bond to retail investors on Tuesday, taking total orders to 6.57 billion euros in the first two days of its offering, Bourse data showed. The first three days of the offer will be dedicated to retail investors, unless an early closing is decided, while institutional buyers will be able to submit their orders on March 9. The Treasury set the minimum guaranteed real annual coupon at 2% for the bond due March 14, 2028. In November, via a similar bond with a 6-year maturity, the Treasury raised 5.42 billion euros on the first two days of the retail offer, which finally garnered 11.99 billion euros. ($1 = 0.9458 euros) (Reporting by Antonella Cinelli, editing by Federico Maccioni)

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