Italian auction: Sold total of Eur 6 bln of 6% Nov 2014 , 3% Nov 2015 and 4% Feb 2017 BTP’s

Sold Eur 4 bln of 6% 3 yr Nov 2014, yield 3.41 % (vs 4.83%), cover 1.405 (vs 1.22) out of target of E2.75-4.0 bln

Sold Eur 686 mln of ‘off-the-run’ 3% Nov 2015 BTP, yield 3.77 % , cover 2.366

Sold Eur 1.314 bln of ‘off-the-run’ 4% Feb 2017 BTP, yield 4.26 %, cover 1.705

Out of a target of Eur 2 bln

Another strong auction with a full take up and improved yields . EUR’s getting another boost to 1.3213