Markets

Italy sells 1.05 bln euros bonds, notes at extra auction

Published September 28, 2012 Updated September 28, 2012 04:18pm

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.

Copyright Reuters, 2012