Btp Italia: on line the placement results. Definitive annual coupon rate set at 1.60%

The Department of the Treasury announces the placement results of the seventeenth 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).

The amount placed, equal to 9,440.001, 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 Intesa Sanpaolo S.p.A. and Unicredit S.p.A. during the placement period, which started on the 20th of June 2022 and closed today at 12 p.m.

In particular, during the First Phase of the placement, dedicated to retail investors, from the 20th to the 22nd of June 2022, the number of contracts concluded has been 211,432 for a turnover of 7,260.503 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 238 for an issued volume of 2,179.498 million Euros.

The new bond, with maturity of 8 years, has its first accrual date as of the 28th of June 2022, maturity date as of the 28th of June 2030 and a definitive annual (real) coupon rate of 1.60%, paid on a semi-annual basis. The settlement date coincides with the accrual date.