Orders for new 'BTP Italia' reach 7 bln euros since beginning of offer

Kitco Media
By Reuters
Published:
Updated:
Reuters
ROME, March 8 (Reuters) - Total retail orders for Italy's new 'BTP Italia' bond reached 7 billion euros ($7.38 billion) since the beginning of the offer, Bourse data showed on Wednesday. Orders amounted to 430 million euros by 0900 GMT on the last day of retail offering. In the first two days of allotment, the Treasury had raised a total of 6.57 billion euros. Institutional buyers will be able to submit their orders on Thursday. 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 11.99 billion euros. ($1 = 0.9488 euros) (Reporting by Antonella Cinelli, editing by Alvise Armellini)

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