(Finance) – The amount issued by the issue amounted to 4 billion euros Ministry of Economy and Finance for the first tranche of the new 15-year inflation-linked BTP.
The bond matures on May 15, 2039, with dividend entitlement on May 15, 2023 and an annual rate of 2.4%, paid in two six-monthly coupons. The regulation of the operation is set for 30 May.
The title was placed at price of 99.674 corresponding to an annual gross yield on issue of 2.439%.
The placement was carried out through a syndicate, consisting of five lead managers, Barclays Bank Ireland, Citibank Europe, Deutsche Bank, JP Morgan and Société Générale Banking and the remaining Italian government bond specialists who participated as co-lead managers.