Introduction section BTP ITALIA: PLACEMENT CLOSED AT € 8.014 BILLION, 74.4 PER CENT OF INSTITUTIONAL INVESTORS’ DEMAND ALLOTTED. MINIMUM COUPON RATE 0.40% CONFIRMED.

BTP ITALIA: PLACEMENT CLOSED AT € 8.014 BILLION, 74.4 PER CENT OF INSTITUTIONAL INVESTORS’ DEMAND ALLOTTED. MINIMUM COUPON RATE 0.40% CONFIRMED.

The ninth BTP Italia issuance has closed today. The amount issued has been of 8,014.368 million Euro.
In particular, during the First Phase of the placement period (dedicated to retail investors), from April 4 th to April 6 th, 2016, the number of contracts concluded has been 54,635 for a turnover of 4,214.368 million Euro.
During the Second Phase of the placement period (dedicated to institutional investors), which opened and closed today, the number of purchase proposals collected and executed has been 550 for an issued turnover of 3,800 million Euro against a total demand of 5,108.703 million Euro (allotment coefficient around 74.4 per cent).
For the new bond, with first accrual date April 11th, 2016 and maturity April 11th, 2024, the definitive annual (real) coupon rate is set at 0.40%, paid on a semi-annual basis. The settlement date coincides with the accrual date.

For further information:

Results of the placement of BTP Italia 11.04.2024

FAQs BTP Italia Ninth Issuance (April 2016)

Announcements on past emissions

Related Content