Orders for new treasury bond top 1 bn in first hour

(ANSA) - ROME, JUN 5 - Italy's new treasury bond reserved exclusively for small savers got off to a positive start on its launch day on Monday, receiving orders worth more than 1 billion euros in the first hour. The four-year Btp Valore has a yield of 3.25% in the first two years and of 4% in the third and fourth and a 0.5% loyalty premium for those holding it to maturity.
    The bond issue is due to end on Friday. (ANSA).