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BTP Valore Exceeds E17bln Of Orders Through Day 4

EUROZONE ISSUANCE

With a further E2.22bln of orders for the 4-Year retail BTP Valore on Thursday (per Borsa Italiana data), the 4-day cumulative total now exceeds E17bln (E17.068bln).

  • That's a sizeable dip from the prior three days (E5.43bln, E5.20bln, E4.22bln respectively in the first three days).
  • There is no word from the Tesoro as to whether this will be the last day of sales, so we assume for now they will continue through the final possible day of the sales period of Friday June 9.

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