MILAN: Specialist banks in Italian government debt bought the whole amount offered in bonds and notes at a supplementary auction on Friday, showing demand is still strong after the regular sale on Thursday.
Rome sold 450 million euros ($578.77 million) both of the five-year bond and the 10-year paper. It also placed 150 million euros of a five-year floating-rate CCTeu note, bringing the total sold on Friday to 1.05 billion euros.
Earlier this week specialist banks bought all the 1.35 billion euros of six-month bills offered at a supplementary auction, but did not absorb any extra two-year zero-coupon bonds, or four- and nine-year inflation-linked bonds.
Summing up regular and supplementary auctions, Italy placed a total of 23.5 billion euros of bills and bonds this week.
Banks acting as specialists on Italy's debt can request additional amounts of a bond the day after a regular auction with the same conditions and price.
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