Introduction sectionBtp Futura: the results have exceeded expectations

Btp Futura: the results have exceeded expectations

123.717 contracts concluded for a turnover of 5,711.308 million Euros.

These are the numbers of the BTP Futura issuance, with maturity of 8 years, aimed at financing measures related to the post COVID-19 recovery.
During the placement period, out of 123.717 contracts concluded on the MOT (the Borsa Italiana’s screen-based market for securities and government bonds) around 58 per cent of them had a size of less than 20,000 Euros, while considering contracts up to 50,000 Euros, they were around 85 per cent of the total. The average size of the contracts has been of 46.164,29.

 

For the bond, with first accrual date as of the 17th of November 2020 and maturity date as of the 17th of November 2028, the series of definitive annual nominal coupon rate, paid on a semi-annual basis, is confirmed at 0.35% for the first 3 years, 0.60% for the following 3 years and 1% for the last 2 years of the bond’s life. The settlement date coincides with the accrual date.

Related content