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BTP Valore Day 2 Books Above E1.5bln

EUROZONE ISSUANCE

Day 2 books on the retail-only BTP Valore transaction with a 6-year maturity (ISIN: IT0005594491) now exceed E1.5bln.

  • After day 1’s disappointing E3.701bln take-up, total books now sit around E5.234bln.
  • The previous 6-year Mar-30 BTP Valore (issued in Feb/Mar this year) saw E11.051bln of take-up over the first two days.
  • The previous 6-year Mar-30 BTP Valore saw E6.44bln sold on day 1, E4.611bln sold on day 2, E3.603bln on day 3 and E2.29bln sold on day 4 and E1.37bln on day 5.
  • The MEF has set the minimum coupons at 3.35% for years 1-3 and 3.90% for years 4-6 (as in March, it is a 3+3 step up coupon). In addition, there is an extra bonus of 0.8% for investors who hold from the issue date until maturity. Books will close at 13:00CET on Friday (although as always, the MEF reserves the right to close books early).
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