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BTP Valore: Final Order Book Exceeds E18bln

EUROZONE ISSUANCE

The sales period for the 4-year retail BTP Valore concluded at 1300CEST, bringing in a final E1.125bln of orders. That brought the grand total for the week to E18.191bln.

  • The Ministry of Economy and Finance notes that this is the biggest single Italian placement exclusively for retail investors, in terms of both size and number of contracts (654,675).
  • MEF confirms coupon rates at 3.25% for the 1st and 2nd year and 4.00% for 3rd and 4th year, with the final extra bonus for holders to maturity at 0.5% of invested capital.

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