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6-year BTP Valore day 2 books at E4.49bln

EUROZONE ISSUANCE

Day 2 books for the MEF's 6-year Mar-30 BTP Valore (ISIN: IT0005583478) are currently E4.49bln.

  • Day 1 take-up was E6.44bln, bringing the current total across the two days to E10.93bln. This is now only slightly higher than for the 4-year launch in June but still E1.6bln above books at this stage in October.
  • The previous 5-year BTP Valore in October saw a total of E17.19bln sold across the week with E4.77bln of take-up on day 1 and a further E4.54bln on day 2 (E9.31bln total).
  • The inaugural 4-year BTP Valore in June saw a total of E18.19bln sold across the week with E5.43bln of take-up on day 1 and a further E5.20bln on day 2 (E10.63bln total).
  • There will be 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.
  • Unless there is an early close, books are due to close at 13:00CET on Friday 1 March.

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