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6-year BTP Valore day 3 books at E3.60bln

EUROZONE ISSUANCE

Day 3 books for the MEF's 6-year Mar-30 BTP Valore (ISIN: IT0005583478) are currently E3.60bln.

  • Books opened on Monday and already stand at E14.65bln sold across the first 3 days (E6.44bln sold on day 1 and E4.61bln sold on day 2). This is slightly below the 4-year launch in June but still E1.7bln 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, day 2 saw a further E4.54bln and day 3 saw E3.58bln.
  • 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, day 2 saw a further E5.20bln and day 3 saw E4.22bln.
  • 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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