Demand for Italy’s new seven-year BTP Valore bond topped 6 billion euros ($7 billion) at the start of the second day of the offer, Milan bourse data showed on Tuesday (IT000567201=MI).
At 0731 GMT daily demand for the bond stood at 600 million euros.
On Monday, the first day of the offer, the bond drew demand worth 5.4 billion euros, compared to 3.7 billion euros in the previous offer in May 2024 for a 6-year maturity.
The seven-year bond, reserved for retail investors, is set to be offered until Friday, but the Treasury has the right to close the sale earlier.
The issue will pay a minimum coupon of 2.6% in the first three years, rising to 3.1% in the following two years, and 4% in the last two years.
It will offer a 0.8% extra loyalty premium to investors who hold it to maturity.
($1 = 0.8575 euros)