Milan

Italian Treasury calls early end to 9-billion-euro bond sale

Surprise popularity to close auction two days early

Italian Treasury calls early end to 9-billion-euro bond sale

Milan, April 15 - The auction of inflation-linked Italian government bonds was so popular and demand so high that the sale will end two days early, official said Monday. Fully 8.984 billion euros of the four-year bond, bearing a minimum return of 2.25%, were sold Monday, the first day of what was slated to continue to Thursday. Instead, sales will close at 17:30 local time on Tuesday, official said. The bond issue was so popular that within the first 90 minutes of sales Monday morning, almost three billion euros worth of the paper was snapped up.

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