Introduction section BTP Italia, Details on demand composition during the two Phases of the thirteenth issuance

BTP Italia, Details on demand composition during the two Phases of the thirteenth issuance

The Ministry of Economy and Finance announces some details regarding the thirteenth issuance of BTP Italia, the government bond indexed to Italian inflation (FOI index, ex-tobacco - Indices of Consumer Prices for blue and white-collar households with the exclusion of tobacco), with 8 year maturity.

During the First Phase of the placement, dedicated to retail investors, the issuance met a larger demand on the first day compared to the following two days, in terms of both number of contracts and turnover, in line with past issuances.
The Second Phase, dedicated to institutional investors, that lasted 2 hours during the fourth day of the placement has been fully allotted.

Looking at the geographical distribution of orders received during the First Phase of the placement, about 98 per cent is the estimated share allocated to domestic investors, while the remaining 2 per cent should be that to foreign investors.
With reference to the Second Phase, data collected from Dealers, Co-Dealers and other intermediaries allow to elaborate statistics that cover most of the amount issued.

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