(Finance) – The overall question for the new 7-year BTP and the reopening of the 30-year BTP exceeded 200 billion euros. This was communicated by the Ministry of Economy and Finance (MEF) with reference to the dual tranche issue via syndicate.
As for the new 7 year BTPthe bond expires on 15 November 2031, with entitlement on 29 October 2024 and an annual rate of 3.15%, paid in two semi-annual coupons. The amount issued was equal to 10 billion euros against a demand of approximately 99 billion euros. The security was placed at a price of 99.831 corresponding to a gross annual yield at issue of 3.200%.
As for the reopening of the 30-year BTP with maturity 1 October 2054 and coupon 4.30%, the amount issued was equal to 3 billion euros against a demand of approximately 107 billion euros. The security was placed at a price of 101.104 corresponding to a gross yield of 4.279%.
The regulation of operations is scheduled for October 29th.
The placement was carried out through a syndicate, consisting of you are lead manager, Deutsche Bank, Goldman Sachs, Intesa Sanpaolo, JP Morgan, Morgan Stanley and Nomura, and by the remaining Specialists in Italian Government Bonds as co-lead managers.