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ITALY AUCTION PREVIEW: Italy to launch new retail BTP Piu (new type BTP Valore)

ITALY AUCTION PREVIEW
  • The MEF has announced a new BTP Piu: "the first retail bond with an option for early redemption after 4 years" and with an "8-year maturity and quarterly coupons at pre-set increasing rates."
  • This is a subset of the BTP Valore.
  • "The Ministry of Economy and Finance announces the issuance of BTP Più, that will be held from Monday 17th February to Friday 21st February (until 1 p.m.), unless early closing."
  • "The minimum guaranteed rates in the first four years and the next four years, together with the ISIN code identifying the bond, will be announced on Friday, February the 14th."
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  • The MEF has announced a new BTP Piu: "the first retail bond with an option for early redemption after 4 years" and with an "8-year maturity and quarterly coupons at pre-set increasing rates."
  • This is a subset of the BTP Valore.
  • "The Ministry of Economy and Finance announces the issuance of BTP Più, that will be held from Monday 17th February to Friday 21st February (until 1 p.m.), unless early closing."
  • "The minimum guaranteed rates in the first four years and the next four years, together with the ISIN code identifying the bond, will be announced on Friday, February the 14th."