(Finance) – The new BTP Italia has completed the first phase of the placementwith record values, which saw a large participation of small savers (retail).
In particular, between 6 and 8 March 2023, 327,323 savers subscribed to the BTP Italia for a value of 8,563.209 million euro. By number of subscriptions is the second highest result ever.
The Ministry of Economy and Finance (MEF) spoke of “large participation of small savers” to describe the trend of the first phase of the placement of the nineteenth issue of the BTP Italia, reserved for the so-called “retail”. But that a good result would be achieved was already clear from Monday’s sprint start, when demand stood at 3.6 billion.
Today, 9 March 2023, from 10 to 12, the second phase of placement of the security will instead take place, with the ISIN code IT0005532723, reserved for institutional investors, which will also take place on the MOT platform (the Electronic Bond and Securities Market of State of Borsa Italiana).
Before the opening of the placement, on the basis of market conditions, the MEF will fix and communicate the definitive annual (real) coupon rate of this nineteenth issue, which cannot in any case be lower than the minimum guaranteed annual (real) coupon rate, equal to the 2.00%, already announced last Friday 3 March 2023.