Titolo: 11:26 DJ Italy Sells EUR7.5 Bln in 2023, 2028 BTPs, 2025 CCTeu
Testo: By Emese Bartha
The Italian Treasury sold 7.5 billion euros ($8.74 billion) in total in three government bonds, the maximum amount it had target at an auction Monday, the Bank of Italy said.
The 10-year BTP is a new issue, while the 2023-dated BTP and the 2025-dated CCTeu--which is a floating rate note--were reopened.
The following are details of the auction, with amounts in euros. Figures in brackets are data from the previous auction held on June 28 for the 2023 BTP and the 2025 CCTeu.
Issue 0.95% March 1, 2023 BTP
Amount on offer 1.5 bln-2 blnBids received 2.937 bln
Bids accepted 2 bln
Bid-to-cover ratio 1.47 (1.34)
Uniform yield 1.80% (1.82%)
Uniform price 96.30 (96.18)
Settlement date Aug. 1, 2018
Issue 2.80% Dec. 1, 2028 BTP
Amount on offer 3 bln-4 bln
Bids received 5.668 bln
Bids accepted 4 bln
Bid-to-cover ratio 1.42
Uniform yield 2.87%
Uniform price 99.54
Settlement date Aug. 1, 2018
Issue Sept. 15, 2025 CCTeu
Amount on offer 1 bln-1.5 bln
Bids received 2.398 bln
Bids accepted 1.5 bln
Bid-to-cover ratio 1.60 (1.30)
Yield 1.75% (1.67%)
Assignment price 90.05 (90.50)
Settlement date Aug. 1, 2018
Write to Emese Bartha at
emese.bartha@wsj.com
(END) Dow Jones Newswires
30-07-18 0926GMT
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