(Finance) – Sprint departure for the first issue of new BTP Value for small savers. The orders totaled 5.432 billion euros on the first day placement, with over 180,000 contracts. The placement started today, Monday 5 June, and will continue until Friday 9 June (unless early closure).
The Treasury has set the guaranteed minimum coupons at 3.25% for the first two years and at 4% for the following two, with a loyalty bonus 0.5% for those who hold the security until maturity. At the end of the placement, the final coupon rates will be announced and may be confirmed or revised, but only upwards, based on the market conditions on the closing day of the issue.
The ISIN code of the security during the placement period – sul MOT market of Borsa Italiana – is IT0005547390.
The reservations of the BTP Valore on the first day therefore have passed those oflatest BTP Italy, placed in March 2023. In that case, the first day (of the three intended for small savers) had recorded 3.637 billion euros in orders with over 132,000 contracts signed. The BTP Valore is therefore a candidate to exceed the 9.91 billion raised by the nineteenth BTP Italia issue, even if the record of the sixteenth BTP Italia issue which had raised 22.3 billion euro in May 2020 still seems very far away.
The BTP Value is the new family of government bonds reserved exclusively for individual savers and similar (retail) and demonstrates the Treasury’s willingness to continue to channel the savings of Italians towards public bonds in a phase in which the European Central Bank (ECB) will reduce its weight among holders of Italian debt.