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BTP Valore: Day 2 Books Above E2.8bln

EUROZONE ISSUANCE

Second day orders for the 4-year BTP Valore total E2.81bln as of 12:25CEST Tuesday - added to Monday's E5.43bln full-day total, that's now E8.24bln in orders.

  • It would be no surprise to see a lower order total today vs Day 1 in keeping with prior Italian retail issues, but so far sales look robust. By comparison, 5Y BTP Italia took a total of E8.56bln in orders over 3 days.
  • We will update on the order total at the close later today (1730CEST).
  • Placement will continue through 9 June (could be an early close but not before Weds 7th, so at least 3 full days of placement).

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