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Putting that Italy IOI of EUR85bln in..........>

BTPS
BTPS: Putting that Italy IOI of EUR85bln in context:
- We had a EUR110bln book on the dual-trache 5/30y on April 21 (EUR55bln for the
5-year and EUR45bln for the 30-year).
- And the 30-year single tranche in January had a book size of EUR48bln.
- So if this translates into orders, we could be looking at a record for a
single tranche deal.

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