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MILAN, March 14 (Reuters) - Italian borrowing costs rose
at an auction on Tuesday despite the global yields dive
triggered by the collapse of the U.S. lender Silicon Valley Bank
(SVB).
Italy's Treasury placed the top planned amount of 9.75
billion euros ($10.43 billion).
Rome sold 4 billion euros of a new 3-yr BTP bond maturing
April 15, 2026 with a gross yield of 3.71% - the highest since
July 2012 - compared with 3.37% in the mid-February auction when
a January 15, 2026 bond was sold.
It placed also 3 billion euros of a 7-yr BTP bond due on
December 15, 2029 with a gross yield of 3.98% - the highest
level since last October - from 3.80% it reached in the previous
auction.
The Treasury allotted 2 billion euros in a top-up of a green
BTP bond with April 30, 2035 maturity with a gross yield of
4.40% compared with 4.26% it reached at an auction held last
November.
Finally, it placed 750 million euros in a top-up of a
50-year BTP bond due March 1, 2072 with a 4.20% gross yield
compared with 2.179% in a syndicated issue held in April 2021.
($1 = 0.9345 euros)
(Reporting by Sara Rossi, editing by Alvise Armellini)
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