BTp Valore: total orders of 12 billion since the start of the placement
The Treasury has seen strong demand for BTp Valore bonds, with the traditional variant outperforming the one-coupon variant, confirming investors’ interest in diversified instruments
The new BTp Valore bonds raised a further 3.5 billion in total on the third day of the placement, bringing the total raised to 12 billion since the start of the operation and confirming the greater appeal of traditional quarterly-coupon bonds compared with those paying a single coupon at maturity. At the end of the day, the traditional BTp Valore had received orders totalling 2.53 billion euros across 80,500 contracts. The BTp Valore Insieme, in its ‘one-coupon’ format, recorded orders worth 974.25 million euros across 35,800 contracts. Today’s total therefore stands at 3.504 billion, whilst over the three days the Treasury received demand totalling 12.05 billion euros, divided into 8.81 billion for the traditional BTp Valore and 3.24 billion for the BTp Insieme.
The placement will close on Friday at 1.00 pm, unless it closes early.
During the first two days of the placement, which will run until 1.00 pm on Friday unless closed early, total demand stood at 8.58 billion (6.28 billion for the BTp Valore and 2.275 billion for the BTp Valore Insieme).
