Italy sells new 5 year benchmark 4.75% May 2017 BTP for target 3-4 bln.
Taps 10 year 5.0% March 2022 BTP for 1.5-2 bln.
Taps off the run 3.75% April 2016 BTP and 3.75% March 2021 BTP for combined target of 1-2 bln.
Total indicative range 5.5-8.0 bln.
Auction results due around 10:10 GMT.
Expected to go off OK.
