Milan

Btp Italia bond orders reach 17 billion euros in two days

Special offer linked to inflation, guarantees minimum yield

Btp Italia bond orders reach 17 billion euros in two days

Milan, April 16 - Investors gave signs of confidence in Italy's economy on Tuesday when, for the second day in a row, they bought out an entire offer of special Btp Italia bonds worth some 8.0 billion euros. On Monday, the entire offering of 9.0 billion euros was subscribed, leaving the two-day total - whose deadline was brought forward one day amid booming demand - at 17 billion euros. The bonds are structured in a manner that they are indexed to inflation and offer a guaranteed minimum yield of 2.25%, in line with current bond market conditions.

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