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Auction History: 5/10y BTPs & Oct-30 CCTeu

ITALY AUCTION PREVIEW
MNI (London)

Auction history:

1.10% Apr-27 BTP (ISIN: IT0005484552)

DateIssuedAvg yieldBid/coverPricePre-auctOperation
Current1.890%
30-Mar-22E3bln1.460%1.38x98.2898.26Auction
25-Feb-22E4bln1.070%1.37x100.15NewAuction

New 2.50% Dec-32 BTP (ISIN: IT0005494239)

Similar past auctions: the current benchmark 10y BTP is the 0.95% Jun-32 BTP (ISIN: IT0005466013), which was launched via conventional auction on October 28, 2021 for E3.75bln. Below are the results of the three most recent reopenings:

DateIssuedAvg yieldBid/coverPricePre-auctOperation
Current2.723%
Last 5 aveE3.2bln1.274%1.37x
30-Mar-22E3.5bln2.140%1.31x89.2689.19Auction
25-Feb-22E3bln1.810%1.37x92.0291.96Auction
28-Jan-22E3.5bln1.390%1.38x95.8495.73Auction

0.75% Oct-30 CCTeu (ISIN: IT0005491250)

DateIssuedAvg yieldBid/coverPricePre-auctOperation
Current0.561%
23-Mar-22E5bln0.780%99.74NewSynd

Similar past auctions: the recently launched 0.75% Oct-30 CCTeu follows the 0.65% Apr-29 CCTeu (ISIN: IT0005451361), which was launched via syndication on June 24, 2021 for E6.0bln. Below are the results of the most recent reopenings:

DateIssuedAvg yieldBid/coverPricePre-auctOperation
Current0.390%
Last 4 aveE1.563bln0.033%1.58x
28-Jan-22E1.5bln0.080%1.63x100.36100.32Auction
09-Dec-21E2.255bln0.100%100.22Exchange
30-Nov-21E1.5bln0.030%1.49x100.80100.78Auction
28-Oct-21E1.25bln-0.010%1.73x101.01100.96Auction

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