The government placed 13 billion euros in 3.30% bonds maturing in June 2033, priced at a yield of 3.559%. Order books for this tranche exceeded 128 billion euros. Simultaneously, Italy raised 5 billion euros through 4.65% bonds due in October 2055, which attracted over 112 billion euros in demand and priced at a yield of 4.663%.
In section Market Quotes
Italy Secures 18 Billion Euros in Dual-Tranche Bond Sale
Demand for Italian sovereign debt surged on Tuesday as the treasury successfully tapped markets for 18 billion euros. Investors placed over 240 billion euros in combined orders for the two tranches, signaling continued appetite for long-dated BTPs despite shifting European monetary conditions.
Pricing for the 2033 notes was finalized at 6 basis points above the existing March 2033 benchmark, while the 2055 issue carried a spread of 5 basis points over the October 2054 bond. BNP Paribas, BofA, Goldman Sachs Bank Europe, J.P. Morgan, Morgan Stanley, and Santander managed the issuance.
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