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ITALY AUCTION PREVIEW

The MEF has announced it is looking to auction up to E2.5bln of the following short BTP on Thursday (Jan 25; the bond auctioned matches our expectation, but the size is smaller than what MNI had expected):

  • E2.0-2.5bln of the 3.60% Sep-25 BTP Short Term (ISIN: IT0005557084)
The MEF has also announced it is looking to auction up to a combined E2.5bln of the following BTPei's on Thursday (Jan 25):
  • E0.5-1.0bln of the 1.50% May-29 BTPei (ISIN: IT0005543803)
  • E0.75-1.5bln of the 2.40% May-39 BTPei (ISIN: IT0005547812)

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