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Italy to offer up to 8.25bn euros of CCTEU, BTP at auction

Published January 26, 2015 Updated January 26, 2015 08:47pm

1 min

By Shoaib Ur Rehman

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ROME: Italy's Treasury said on Monday it would issue up to 8.25 billion euros ($9.32 billion) of floating-rate notes linked to euro-zone inflation (CCTEU), and fixed-rate bonds (BTP) at its regular end-month auction on Jan. 29. The Treasury said in a statement it would offer:

Between 1.25 billion euros and 1.75 billion euros of a 9th tranche CCTEU maturing on Dec. 15, 2020.

Between 2.5 billion euros and 3 billion euros of a 5th tranche BTP with a 1.05 percent coupon, maturing on Dec. 1, 2019.

Between 3 billion euros and 3.5 billion euros of an 11th tranche BTP with a 2.5 percent coupon, maturing on Dec. 1, 2024.

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