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Bank of Italy 24-mth zero coupon Treasury certs 70.7 pct oversuscribed; yield up
June 1, 2007 on 7:11 pm | In Currency |
MILAN (Thomson Financial) - The Bank of Italy said its auction of 24-month zero coupon Treasury (CTX) certificates was 70.7 pct oversubscribed, while the yield rose from the previous auction.
The price established was of 93.551 for a gross annual yield of 4.063 pct, up from 3.935 pct previously.
The bank received 3.414 bln eur worth of bids for 2.000 bln on offer and assigned.
The exclusion price was of 91.601.
yael.schrage@thomson.com
ysc/am
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