Achieved 470 million euro in funding on the third and final day of the eleventh issue of the BTP Italia, intended for retail customers. Starting tomorrow, it will be the turn of institutional investors who, for two hours, will have the opportunity to purchase the government bond indexed to Italian inflation and maturing in May 2023.
BTP ITALIA: THE RESULTS OF THE FIRST PHASE
Going into detail, during the last session today, 17 March, 8.463 contracts were signed for a total value of approximately 493 million euro.
Adding up the results of the three days that characterized this first phase of issuance intended for retail customers, the Btp Italia collected orders for 3,19 billion euros, exceeding the total demand of small savers on the October edition, which stopped at 2,2. XNUMX billion after three days.
BTP ITALIA: INSTRUCTIONS FOR INSTITUTIONAL PEOPLE
The offering of the new inflation-linked bond will continue tomorrow, May 18, with the second phase, the one dedicated to institutional investors who will have the opportunity to join from 9 to 11.
We remind you that the bonds can be purchased on the MOT platform of Borsa Italiana, the coupons are semi-annual indexed to the Foi. The guaranteed minimum annual real rate for this new issue was set by the Treasury at 0,45%. The minimum denomination purchasable for institutional customers will be 100.000 euros.
The Ministry of the Economy and Finance also communicated that "for the second phase of the placement period of the BTP Italia - indexed to Italian inflation - with accrual date of May 22, 2017 and expiry of May 22, 2023, the ISIN code of the security is IT0005253676".
Finally, it should be emphasized that, in the event that the orders collected exceed the quantity that the MEF intends to offer, Borsa Italiana will proceed to apply an allotment mechanism.
