(Finance) – “Seriousness andreliability of the Meloni Government continues to be rewarded for the benefit of the economy and Italian citizens”. This is what was stated by Giovanbattista Fazzolari, Undersecretary of State at the Presidency of the Council of Ministers, in response to growing interest in Italian government bonds.
The latest issues they have in fact confirmed the confidence of international investors in the Meloni Government and in the solidity of the Italian economy. The dual tranche issuance of a new 7 year BTP and the reopening of 30 year BTPwhich occurred last January 9th, recorded a new demand record and it also offers a comforting signal in view of the imminent issue of the BTP Valore from next February 26th.
Based on data provided by Ministry of Economy and Financethe total amount issued was equal to 15 billion euros against one demand over 10 times higher, equal to approximately 155 billion, of which approximately 75 billion for the new 7-year bond and over 80 billion for the 30-year bond. An amount that constitutes a historical record for Italy in terms of requests received.
The two placements also recorded a great interest from foreign investors who subscribed 80.7% of the 7-year BTPs and 76.6% of the 30-year BTPs.