Overview
- The Treasury placed €15 billion of a new 7‑year BTP maturing March 15, 2033 at a 3.191% yield and €5 billion of a reopened BTP Green 2046 at a 4.158% yield.
- Investor orders exceeded €265 billion, roughly 13.2 times the €20 billion offered in the dual‑tranche syndication.
- The BTP‑Bund yield gap narrowed to about 64.6 basis points, its lowest level since 2008, reflecting improved market sentiment toward Italian debt.
- Foreign buyers took about 80% of the 7‑year tranche and about 84% of the BTP Green, underscoring strong overseas and ESG demand.
- Settlement is scheduled for January 15, with a BOT auction set for January 9 and a new 3‑year sale announced for January 13.