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Futura placement closed, raising EUR5.7bln

BTP

The placement of the retail-only 8-year BTP Futura has closed with a total of EUR5.711bln taken up.

  • The coupon on BTP Futuras are linked to GDP growth.
  • The first BTP Futura (a 10-year issue) saw demand total EUR6.1bln in July. So the second BTP Futura is a little smaller in size.
  • We have seen roughly EUR2.5bln demanded on Monday, EUR1.5bln Tuesday, EUR1.0bln Wednesday, just under E0.5bln Thursday and today there have been around EUR335mln or so further orders.

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