By Emese Bartha

 

The Italian Treasury sold 8.75 billion euros ($9.55 billion) in a new floating rate note, or CCTeu, and five- and 10-year fixed rate bonds, or BTPs, that it reopened, the Bank of Italy said.

The following are details of the auction, with amounts in euros. Figures in brackets are data from the previous auction held March 30 for the two BTPs.

Issue                   1.20% April 1, 2022 BTP 
Amount on offer         2 bln-2.5 bln 
Bids received           3.977 bln 
Bids accepted1          2.5 bln 
Bid-to-cover ratio      1.59         (1.51) 
Uniform yield           1.04%        (1.04%) 
Uniform price           100.80       (100.78) 
Settlement date         May 2, 2017 
 
Issue                   2.20% June 1, 2027 BTP 
Amount on offer         2.25 bln-2.75 bln 
Bids received           3.640 bln 
Bids accepted           2.75 bln 
Bid-to-cover ratio      1.32         (1.36) 
Uniform yield           2.29%        (2.25%) 
Uniform price           99.31        (99.63) 
Settlement date         May 2, 2017 
 
Issue                   Oct. 15, 2024 CCTeu 
Amount on offer         3 bln-3.5 bln 
Bids received           4.498 bln 
Bids accepted           3.5 bln 
Bid-to-cover ratio      1.29 
Yield                   0.93% 
Assignment price        99.50 
Settlement date         May 2, 2017 

Write to Emese Bartha at emese.bartha@wsj.com

 

(END) Dow Jones Newswires

April 27, 2017 05:35 ET (09:35 GMT)

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