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On offer next week

ITALY AUCTION PREVIEW

MEF has announced it is looking to offer the following BTPs/CCTeu at its auction next Wednesday (Feb 28):

  • E3.50-3.75bln of the new 5-year 3.35% Jul-29 BTP (ISIN TBA) (we had only expected an outside chance of this being launched this week - instead thinking a February launch was more likely)
  • E4.0-4.5bln of the new 10-year 3.85% Jul-34 BTP (ISIN TBA) (in line with MNI's expecation)
  • E1.0-1.5bln of the 1.15% Oct-31 CCTeu (ISIN: IT0005554982)

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