ITALY AUCTION PREVIEW: Buyback Operation Announced For Wednesday
Italy to buy back the following at specialist operation on June 8 for maxiumum E3.0bln:
- 0.25 % Nov 2023 BTP Italia (ISIN: IT0005312142)
- 0.40 % Apr 2024 BTP Italia (ISIN: IT0005174906)
- 1.40% May-25 BTP Italia (ISIN: IT0005410912)
"The Specialists in Government bonds will be allowed to submit up to five offers for each bond that MEF will buyback. Each offer shall be sent to the Bank of Italy through the National Interbank Network, by 11 a.m. of the auction day. The MEF retains the option to reject offers at prices not deemed favourable given the current market conditions. The transaction will be settled on June 10, 2022."
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