Italy Issues Record $30 Billion Retail Bonds in Two-Day Sale
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Italy sold 22.3 billion euros ($30 billion) of government inflation-linked bonds aimed at retail investors, setting a record and allowing the Treasury to potentially cut the size of debt auctions for the rest of the year.
The government, which initially planned to take orders through Nov. 8, said yesterday it would close the books early because of strong demand. Orders reached 16.8 billion euros yesterday, almost double the amount sold on the first day of the previous sale in April. The Treasury received orders for another 5.4 billion euros today.