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BTP Valore announced for W/C 26 February

EUROZONE ISSUANCE
  • The MEF will launch a new BTP Valore in the W/C 26 February with a 6-year maturity and a step up coupon mechanism (for 3+3 years) and the usual bonus for investors who hold to maturity of 0.7%.
  • The BTP Valore will only be available to retail investors (as has been the case with all previous issues).
  • The minimum annual coupon payments and the ISIN will be announced on 23 February.
  • Note that MNI had pencilled in a BTP Italia around this time - so it seems as though the MEF prefer to not offer an inflation-linked product at this point. Or it might mean that any new BTP Italia is pushed back until either late March or early April.

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