BTp Italia Sì: orders worth €3.17 billion on the first day of issuance
On the first day of the placement, the new BTp Italia Sì raised orders totalling €3.176 billion, with over 94,000 contracts subscribed. The BTp Italia Sì, which is reserved solely for retail investors, has a 5-year maturity and pays half-yearly coupons linked to the national inflation rate, as well as an extra final premium of 0.6% on the principal amount subscribed, reserved for those who purchase it on the issue dates and hold it until maturity. The last BTp issue aimed at savers was the 6-year BTp Valore, at the start of March, which raised €6 billion on its first day. The bond guarantees a minimum yield of 1.60% (to be confirmed or revised upwards at the end of the placement) plus the national inflation rate. The issue will close next Friday unless it is closed early.
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