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BTP Valore Retail Details Ahead Of Next Week's Placement

EUROZONE ISSUANCE

Italy announces some BTP Valore retail instrument details:

  • Guaranteed minimal annual coupon rates: 3.25% for the 1st and the 2nd year; 4.00% for the 3rd and the 4th year (can be revised upwards after placement closes)
  • There will also be a loyalty bonus (equal to 0.5% of invested capital) for investors who hold until maturity.
  • ISIN: IT0005547390
  • As noted previously, placement will be 5-9 June (could be an early close but not before Weds 7th, so at least 3 full days of placement) with a 4-year maturity.
  • Full details at MEF (PDF)

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