Italy Sells EUR8.75B 2022, 2027 BTPs, New 2024 CCTeu

By Emese Bartha Features Dow Jones Newswires

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.

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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

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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)