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Apr 13 M-T/L-T Details

ITALY AUCTION PREVIEW

Italy to sell the following at the April 13 M-T/L-T auction:

  • E2.75-3.25bln of 3.80% Apr-26 BTP (3Y - ISIN: IT0005538597)
  • E3.25-3.75bln of 3.70% Jun-30 BTP (7Y - ISIN TBD, new issue)
  • E1.00-1.25bln of 4.75% Sep-44 BTP (30Y, 21Y residual - ISIN: IT0004923998)
  • E1.00-1.25bln of 4.00% Feb-37 BTP (30Y, 14Y residual, ISIN: IT0003934657)
  • MNI had pencilled in E3.0-3.5bln of the 3-year 3.80% Apr-26 BTP, E3.5-4.0bln of a new 7-year Jun-30 BTP with less conviction on which 15-50 year BTPs. Weekly preview here

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