Italy Sells EUR3.25 Billion 2018 CTZ and 2022, 2032 BTPeis

By Emese Bartha Features Dow Jones Newswires

The Italian Treasury sold its maximum targeted 3.25 billion euros ($3.48 billion) in a zero coupon note and two inflation-linked bonds at an auction Monday.

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The following are details of the auction, with amounts in euros. Figures in brackets show data from the previous auctions, held March 28, Feb. 23 and Jan. 26, respectively.

Issue Dec. 28, 2018 CTZ

Amount on offer 1.5 bln-2 bln

Bids received 3.405 bln

Bids accepted 2 bln

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Bid-to-cover ratio 1.70 (1.76)

Yield -0.075% (-0.085%)

Assignment price 100.125 (100.148)

Settlement date April 27, 2017

Issue 0.10% May 15, 2022 BTPei

Amount on offer (*) 750 mln-1.25 bln

Bids received 1.277 bln

Bids accepted 738 mln

Bid-to-cover ratio 1.73 (2.07)

Uniform yield 0.14% (0.37%)

Uniform price 99.82 (98.59)

Settlement date April 27, 2017

Issue 1.25% Sept. 15, 2032 BTPei

Amount on offer (*) 750 mln-1.25 bln

Bids received 983 mln

Bids accepted 512 mln

Bid-to-cover ratio 1.36 (1.35)

Uniform yield 1.36% (1.22%)

Uniform price 98.53 (100.47)

Settlement date April 27, 2017

NOTE: (*) The offer volume refers to the BTPeis combined.

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

(END) Dow Jones Newswires

April 24, 2017 05:52 ET (09:52 GMT)