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Futura books exceed E3.25bln

BTP
  • Books now just over E3.25bln for the new BTP Futura, with around E1bln of orders today.
  • Orderbooks closed on Monday at E2.28bln, lower than the E2.5bln requested on the Monday of the last BTP Futura issue (the 8-year issue in November).
  • Note that transaction saw a further EUR1.5bln Tuesday, EUR1.0bln Wednesday, just under E0.5bln Thursday and Friday there were around EUR335mln or so further orders.
  • There is no upper limit to the BTP Futura size with book due to close lunchtime Friday. The MEF does reserve the right to close books early, however, but this option is unlikely to be exercised.

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