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3/7/10/20/30-year BTPs

ITALY AUCTION PREVIEW
MNI (London)
  • On offer today:
    • E3.25-3.75bln of the new 1.20% Aug-25 BTP (ISIN: TBA)
    • E1.25-1.50bln of the 0.45% Feb-29 BTP (ISIN: IT0005467482)
    • E0.75-1.00bln of the 3.00% Aug-29 BTP (ISIN: IT0005365165)
    • E0.50-0.75bln of the 3.10% Mar-40 BTP (ISIN: IT0005377152)
    • E0.75-1.00bln of the 2.15% Sep-52 BTP (ISIN: IT0005480980)
  • Timing: Results will be available shortly after the auction closes at 10:00 BST / 11:00 CEST.

Auction history:

The new 3-year 1.20% Aug-25 BTP will be launched via conventional auction.

Similar past auctions: the 0% Dec-24 BTP (ISIN: IT0005474330)

DateIssuedAvg yieldBid/coverPricePre-auctOperation
Current1.084%
Last 4 aveE3.188bln0.325%1.37x
11-Mar-22E2.75bln0.570%1.52x98.4598.43Auction
11-Feb-22E3bln0.690%1.38x98.0898.07Auction
13-Jan-22E3.5bln0.140%1.38x99.5999.59Auction
14-Dec-21E3.5bln-0.100%1.21x100.29NewAuction

0.45% Feb-29 BTP (ISIN: IT0005467482)

DateIssuedAvg yieldBid/coverPricePre-auctOperation
Current2.074%
Last 4 aveE3.313bln1.120%1.43x
11-Mar-22E3bln1.470%1.39x93.3693.34Auction
11-Feb-22E3bln1.520%1.46x92.9892.96Auction
13-Jan-22E3.5bln0.890%1.51x97.0396.98Auction
11-Nov-21E3.75bln0.600%1.37x98.97NewAuction

3.00% Aug-29 BTP (ISIN: IT0005365165)

DateIssuedAvg yieldBid/coverPricePre-auctOperation
Current2.067%
16-Jun-21E504mln0.508%119.81119.66Auction
30-Jul-19E3.25bln1.560%1.30x113.34Auction

3.10% Mar-40 BTP (ISIN: IT0005377152)

DateIssuedAvg yieldBid/coverPricePre-auctOperation
Current2.733%
Last 5 aveE1.312bln2.058%1.54x
14-Jul-20E2bln1.910%1.41x119.62Auction
13-May-20E1bln2.490%1.63x109.70Auction
12-Mar-20E1.5bln1.970%1.36x118.70Auction
14-Jan-20E1.25bln2.140%1.49x115.84Auction

2.15% Sep-52 BTP (ISIN: IT0005480980)

DateIssuedAvg yieldBid/coverPricePre-auctOperation
Current2.917%
05-Jan-22E7bln2.162%99.99NewSynd

Similar past auctions: the 1.70% Sep-51 BTP (ISIN: IT0005425233):

DateIssuedAvg yieldBid/coverPricePre-auctOperation
Current2.833%
Last 5 aveE1.531bln1.939%
06-Apr-22E655mln2.656%80.8880.32Auction
13-Oct-21E1.5bln1.820%1.53x97.3997.28Auction
14-Sep-21E1.75bln1.690%1.47x100.43100.13Auction

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