On Wednesday, Italy will reopen BTP 3.85% Sep26 for EUR 2.5-3bn and BTP 4% Nov30 for EUR 2.5-3bn, for a total of EUR 5-6bn. Reopening for specialists will amount to EUR 600mn for each bond. The auction will be supported by roughly EUR 10bn of redemptions, as CCTeu Dec23 will mature on Friday and BTP 8.5% Dec23 on 22 December.