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ITALY AUCTION PREVIEW: BTP Piu: ISIN and minimum coupons

ITALY AUCTION PREVIEW
  • Italy will launch its inaugural retail-only Feb-33 BTP Piu next week with books open between Monday and Friday and this morning the ISIN has been confirmed: IT0005634792 and the minimum coupon rates (2.80% for years 1-4, 3.60% for years 5-8).
  • The BTP Piu will form part of the BTP Valore family and will include an option for an early redemption after 4 years as well as a step-up coupon (with a higher rate in the final four years).
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  • Italy will launch its inaugural retail-only Feb-33 BTP Piu next week with books open between Monday and Friday and this morning the ISIN has been confirmed: IT0005634792 and the minimum coupon rates (2.80% for years 1-4, 3.60% for years 5-8).
  • The BTP Piu will form part of the BTP Valore family and will include an option for an early redemption after 4 years as well as a step-up coupon (with a higher rate in the final four years).