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Upcoming BTP Futura Coupon Rates Set

BTP

Italy announces minimum coupon rates for the upcoming retail 16-Yr BTP Futura sale (taking place next week, Apr 19 through 23 unless it's closed early):

  • 0.75% from the 1st to the 4th year
  • 1.20% from the 5th to the 8th year
  • 1.65% from the 9th to the 12th year
  • 2.00% from the 13th to the 16th year
  • As the MEF notes: "The definitive annual coupon rates will be communicated at the closing of the placement period, and in any case they will not be lower than the guaranteed minimum annual coupon rates. Moreover, the coupon rate of the first period, from the 1st year to the 4th year, will remain unchanged while only the other coupon rates might be revised upwards based on market conditions."
  • Full details at this link

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