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ITALY AUCTION PREVIEW: On offer Thursday

ITALY AUCTION PREVIEW

The MEF has announced that it will look to sell the following BTPs at its auction on Thursday (Sep 12):

  • E3.0-3.5bln of the 3.45% Jul-27 BTP (ISIN: IT0005599904)
  • E2.5-3.0bln of the 3.45% Jul-31 BTP (ISIN: IT0005595803)

There is no 15-50-year BTP on offer due to the 30-year benchmark syndication which was mandated today. We expect this transaction to take place tomorrow, looking for a E5bln size.

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