Italy to Launch Three New Government Bonds in 4Q
By Emese Bartha
The Italian Treasury plans to launch three new conventional
government bonds, or BTPs, in the fourth quarter of 2021, it said
in its quarterly guidance on Friday.
The new bonds will have maturity dates of December 2024,
February 2029 and June 2032, respectively, the Treasury said. It
targets minimum final final outstanding of 9 billion euros ($10.56
billion) for the 2024-dated BTP, and EUR10 billion for each of the
2029- and 2032-dated BTPs.
The minimum final outstanding is the overall issuance volume a
bond has to reach before it is replaced by a new benchmark.
New bonds, in addition to the announced ones, could also be
issued during the quarter, subject to market conditions, the
Write to Emese Bartha at email@example.com
(END) Dow Jones Newswires
September 24, 2021 13:10 ET (17:10 GMT)
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