Italy's new Btp Valore treasury bond
reserved exclusively for small investors continued to do well on
the second day of the offer on Tuesday, with over two billion
euros in orders being made in early business.
On the launch day 5.43 billion euros' worth of the bonds were
snapped up.
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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