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6-year BTP Valore Books At E6.4bln

BTP

Books for the MEF's 6-year Mar-30 BTP Valore (ISIN: IT0005583478) opened this morning, currently totalling E6.44bln.

  • The bond has a step-up coupon with a 3.25% rate for years 1-3 and 4.00% for years 4-6 with a bonus of 0.7% for those who hold from the initial issue through to maturity.
  • The previous 5-year BTP Valore saw E4.77bln of take-up on day 1 and saw a total of E17.19bln sold across the week.
  • Unless there is an early close, books are due to close at 13:00CET on Friday 1 March.

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