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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.
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