Over 16 bn euros in inflation-linked bonds snapped up

(ANSA) – Milan, November 5 – Some 16.84 billion euros in inflation-linked four-year Italian bonds were snapped up Tuesday.

The day’s sale to retail investors marked the fifth issue of the Italian Treasury’s inflation-linked bond, dubbed BTP Italia, with this series offering a guaranteed base yield of 2.15%. Final yield will be announced later but will not go below the base set for these bonds, which mature in November 2017. Treasury officials have said that the sale of this issue of bonds, initially scheduled to run over four days, may close as early as Wednesday if demand is sufficiently high.

Tuesday’s bond issue came in just slightly below the record 17 billion in two days in a previous issue in April.