(Finance) – The Ministry of Economy and Finance (MEF) has announced that the dual tranche issue via syndicate of a new 10-year BTP and a new 20-year BTP Green has recorded a overall demand for over 270 billion euros.
As for the new 10 year BTPthe bond expires on 1 August 2035, entitlement on 15 January 2025 and an annual rate of 3.65%, paid in two semi-annual coupons. The amount issued was equal to 13 billion euros against a demand of over 140 billion euros. The security was placed at a price of 99.577 corresponding to a gross annual yield at issue of 3.733%.
As for the BTP Green at 20 yearsthe bond expires on 30 April 2046, with entitlement on 15 January 2025 and an annual rate of 4.10%, paid in two semi-annual coupons. The amount issued was equal to 5 billion euros against a demand of approximately 130 billion euros. The security was placed at a price of 99.465 corresponding to a gross yield on issue of 4.181%.
The regulation of the aforementioned operations is set for next January 15th.
The placement was carried out through unionmade up of six lead managers, Banca Monte dei Paschi di Siena, BNP ParibasCiti, Crédit Agricole, NatWest and UniCredit and the remaining Specialists in Italian Government Bonds as co-lead managers.