Treasury: demand for BTp Valore remains high on the second day too, with orders exceeding 1 billion

(Il Sole 24 Ore Radiocor) - On the second day of the placement, small savers’ preference for the BTp Valore has been confirmed. At the start of trading, the ‘traditional’ BTp Valore (the one with ‘step-up’ periodic coupons) attracted bids totalling over 1 billion euros, whilst the other variant lagged behind, as yesterday, the BTp Valore Insieme (the bond that pays a ‘maxi-coupon’ alongside the principal repayment but without scheduled coupons) lagged further behind. Demand for the latter, in fact, stood at 387 million. Yesterday, on the first day of the offering, the ‘traditional’ BTp Valore attracted orders totalling 3.417 billion euros, whilst the BTp Valore Insieme generated demand of 1.18 million. In total, demand on the first day of the placement of the two ‘twin’ BTps stood at €4.6 billion. The offering will close next Friday, 23 October, at 1.00 pm, unless it is closed early.

Cel