MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

MNI: UK NOV FINAL MANUF PMI 48.0 (FLASH 48.6); OCT 49.9

MNI: EUROZONE NOV FINAL MANUF PMI 45.2 (FLASH 45.2); OCT 46.0

MNI: PBOC Net Drains CNY216 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Lower At 7.1865 Mon; -1.50% Y/Y

MNI: China CFETS Yuan Index Up 0.01% In Week of Nov 29

MNI: EUROZONE OCT UNEMPLOYMENT RATE 6.3%

MNI: GERMANY NOV FINAL MANUF PMI 43.0 (FLASH 43.2); OCT 43.0

MNI: FRANCE NOV FINAL MANUF PMI 43.1 (FLASH 43.2); OCT 44.5

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Specialist tap: Off-the-run 8-year BTPs

ITALY AUCTION PREVIEW

Italy will come to the market this morning to sell up to E1.5bln via a Specialist tap of two off-the-run BTPs maturing in 2029.

  • This will be the first 8-year BTP issuance since a tap in June 2020 which saw E645mln of the 2.80% Dec-28 BTP sold.
  • Last issuance:
    • 3.00% Aug-29 BTP: This was originally a 10-year BTP launched in February 2019 and (other than an increase in size for repo operations) has not been reopened since the last on-the-run auction in July 2019.
    • 5.25% Nov-29 BTP: This was originally a 30-year BTP launched in November 1998 and has only been reopened once in the past decade. This was via a syndicated exchange in October 2018 with E700.5mln sold in exchange for a BTP Italia that was maturing in April 2020.
  • Timing: Results will be available shortly after the tap operation concludes. The operation is open for bids at 9:00BST and will close no later than 10:00BST.
BulletMarketsFixed Income BulletsHomepage
BulletMarketsFixed Income BulletsHomepage

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.