Introduction sectionSixteenth issuance of the BTP Italia: record placement closed at above 22 billion Euros
Sixteenth issuance of the BTP Italia: record placement closed at above 22 billion Euros
More than 22 billion Euros. This is the results of the placement of the BTP Italia, aimed at financing measures in response to COVID-19 emergency and the placement period, which started on the 18th of May 2020 and ended today. The amount placed, equal to 22,297.606, is the biggest ever issued for BTP Italia.
In particular, during the first phase of the placement, dedicated to retail investors, the number of contracts concluded has been 383,966 for a turnover of 13,997.606 million Euros.
During the second phase of the placement, dedicated to institutional investors, the number of purchase proposals collected and executed has been 746 for an issued volume of 8,300.000 million Euros against a total demand of 19,546.876 million Euros (allotment coefficient of about 42.5 per cent).
The definitive annual (real) coupon rate of the BTP Italia is set at 1.40%.