Italy Clinches 30-Year Bond Sale Ahead of Vote
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Banca D'Italia
Italy successfully sold its first 30-year bond in nearly two years at an auction on Wednesday, shrugging off concerns about the outcome of a general election on Feb. 24-25.
Investors bought 888 million euros ($1.20 billion) of debt maturing September 2040 at a yield of 5.07 percent. Demand was 1.97 times the offer.
Buyers also took 3.449 billion euros of a three-year bond with a yield of 2.30 percent, up from 1.85 percent at a mid-January sale.
Italy also sold a 15-year bond and a five-year floating rate CCTeu certificate linked to the Euribor. The country is now on track to meet 18 percent of its 2013 estimated borrowing target this week.
Italy successfully sold its first 30-year bond in nearly two years at an auction on Wednesday, shrugging off concerns about the outcome of a general election on Feb. 24-25.