New BTP Valore bonds: total demand already exceeds 1 billion on the third day
The ‘traditional’ title proves more appealing: 800 million orders
(Il Sole 24 Ore Radiocor) - Aggregate demand for subscriptions to BTp Valore and BTp Valore Insieme bonds has already exceeded one billion euros on the third day of the placement. In particular, the BTp Valore, with a 5-year maturity and coupons paid every three months according to the traditional schedule, has attracted orders totalling 798 million through nearly 25,000 contracts. As has already emerged in recent days, the pace is slower for the BTp Valore Insieme, which also has a 5-year maturity but pays a single coupon upon maturity: orders amount to 330 million and there are approximately 11,600 contracts. The total figure therefore exceeds 1.1 billion euros.
During the first two days of the placement, which will run until Friday at 1.00 pm 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).
