BTp Valore: orders for 1.26 billion on the last day, total issue at 16.5 billion
The placement of the government bond reserved exclusively for individual savers and the like has closed
The placement of the BTp Valore, which ended today with the last day of the offer, closed with a largely positive result. Also today, testifying to the market's appreciation of the bond, orders exceeded the performance recorded on the last day of the offer of last February's issue. In total, at the closing set for 1pm today, the BTp Valore catalysed demand amounting to 1.26 billion euro (1.09 billion last February), bringing the overall result of the issue to 16.55 billion euro. Last February, the BTp Valore had been issued for an amount of 14.905 billion euro.
Minimum coupon rates
The minimum guaranteed coupon rates for the BTp Valore issue that has been concluded are 2.60 per cent for the first, second and third years, 3.10 per cent for the fourth and fifth years, and 4 per cent for the sixth and seventh years. This was announced in a Treasury statement providing the first details of the transaction that has just been concluded. In total, the Treasury added, the sixth BTp Valore issue was concluded with an issued amount of EUR 16.572 billion against 506,992 registered contracts.
State bond reserved for small savers
The BTp Valore is an instrument reserved for small savers only. The bond provides nominal coupons, paid every three months, with a maturity of 7 years and an extra final premium of 0.8 per cent for those who buy the bond during the placement days and hold it until maturity.
