Italy to offer up to 7.25bn euros of BTPs, CCTEUs

ROME: Italian Treasury said on Friday it would offer up to 5.5 billion euros of fixed-rate bonds (BTPs) and up to 1.75 billion euros of floating rate bonds linked to 6-month euribor (CCTEUs) at a March 13 auction.

The Treasury said in a statement it would offer:

Between 2.5 and 3.5 billion euros of a 7th tranche of BTPs paying a three-year BTPs paying a 2.75 percent coupon and maturing on Dec. 1, 2015

Between 1.5 and 2 billion euros of a 2nd tranche of BTPs paying a 4.75 percent coupon and maturing on Sept. 1, 2028

A total of between 1 and 1.75 billion euros of two CCTeu's: An 11th tranche that matures on June 15, 2017, and a 13th tranche maturing on April 15, 2018