The Bank of Italy said its auction of seven-year treasury certificates (CCTs) was 79.34 pct oversubscribed, while the yield was up from the previous auction.

The bank received 3.587 bln eur of bids for the 2.000 bln on offer, while the yield rose to 4.25 pct from 4.14 previously, the bank said.

The price established was 101.04, while bids were excluded below 99.088.

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Posted: 05|30|07 at 2:40 pm. Filed under: Auction News.