Introduction sectionBTP Italia: placement closed above € 7 billion
BTP Italia: placement closed above € 7 billion
The amount issued has been of 7,107.158 million Euros and it coincides with the total turnover of valid purchase contracts concluded at par on the MOT (the Borsa Italiana’s screen-based market for securities and government bonds) through BNP Paribas and Monte dei Paschi di Siena Capital Services Banca per le Imprese S.p.A. during the placement period, which started on the 13th of November 2017 and ended today at 11 a.m.
In particular, during the First Phase of the placement (dedicated to retail investors), from the 13th to the 15th of November 2017, the number of contracts concluded has been 62,563 for a turnover of 3,757.158 million Euros. During the Second Phase of the placement (dedicated to institutional investors), which opened and closed today, the number of purchase proposals collected and executed has been 557 for an issued volume of 3,350 million Euros against a total demand of 10,777.045 million Euros (allotment coefficient around 31.1 per cent). Details regarding the demand composition, during the First and the Second Phase of the placement period, will follow in the next press release of the Ministry, that will be released tomorrow, the 17th of November 2017.
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