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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
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BTP Valore Books Close At E18.31bln
Books for the MEF's 6-year Mar-30 BTP Valore (ISIN: IT0005583478) closed at E18.31bln (E6.44bln sold on day 1, E4.61bln sold on day 2, E3.60bln sold on day 3, E2.29bln sold on day 4 and E1.37bln on day 5). Take-up therefore exceeded that of the October and June BTP Valore issues in 2023.
- The press release notes that 656,369 contracts were issued through the week.
- 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, day 3 saw E3.58bln, day 4 saw E2.73bln and day 5 saw E1.57bln.
- 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, day 3 saw E4.22bln, day 4 saw E2.22bln and day 5 saw E1.12bln
- 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.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.