Italy kicks €4.2bn of 2017 redemptions into next two decades

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Italy kicks €4.2bn of 2017 redemptions into next two decades

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The Italian Treasury on Thursday bought back €4.2bn of the November 2017 BTP Italia — more than €1bn above its target amount — as part of a syndicated exchange that swapped the bonds for paper maturing in the 2020s and 2030s.

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