Bank of Italy's 7-yr CCT auction 79.34 pct oversubscribed, yield up |
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Wed, 30 May 2007 11:16 |
MILAN (Thomson Financial) - The Bank of Italy said its auction of seven-year treasury certificates (CCTs) was 79.34 pct oversubscribed, while the yield rose from the previous auction.The bank received 3.587 bln eur of bids for the 2.000 bln on offer, while the yield rose to 4.25 pct from 4.14 previously, the bank said.The price established was 101.04, while bids were excluded below 99.088.stephen.jewkes@thomson.comsj/cmrCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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