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BTP Valore minimum coupon rates set

EUROZONE ISSUANCE
  • The week ahead will also see Italy hold a retail-only BTP Valore transaction with a 6-year maturity. This will be the second BTP Valore transaction of 2024, following the E18.3bln raised in March for another 6-year issue (higher than the E18.2bln in June 2023 for a 4-year issue and E17.2bln in October 2023 for a 5-year issue).
  • This morning, 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 open on Monday and close at 13:00CET on Friday (although as always, the MEF reserves the right to close books early).
  • The ISIN has been confirmed as IT0005594491

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