The Ministry of Economy and Finance (MEF) announces that the new issuance of BTP Italia, the government bond indexed to the Italian inflation rate and conceived for retail investors, will take place from Monday, March the 6th to Thursday, March the 9th 2023.
The next BTP Italia will have almost the same characteristics as previous issuances: maturity of 5 years and a bonus payment equal to 0.8 per cent for retail investors who will purchase the BTP Italia at issuance and hold it continuously until the final maturity (14th of March 2028).
The new bond will be placed, as usual, in two phases: the first phase, from Monday, March the 6th to Wednesday, March the 8th, unless early closing, where only individual investors and other persons similarly classified (the so-called retail investors) are admitted and all the purchase proposals will be entirely satisfied; the second phase, which will take place in the morning of March the 9th, will be reserved to institutional investors. The guaranteed minimum annual (real) coupon rates will be announced on Friday, March the 3rd.
As usual, retail investors can purchase BTP Italia wherever they hold a securities account, at their banks or at the post office or through any home-banking system having an on-line trading feature.
The issuance will be placed on the MOT (the Borsa Italiana’s screen-based market for securities and government bonds) through the following dealers: Intesa Sanpaolo S.p.A. and Unicredit S.p.A.
All future communications on BTP Italia, the FAQ, the termsheet and the technical note for market participants will be available on the Ministry of Economy and Finance website (https://www.dt.mef.gov.it/en/debito_pubblico/index.html). In addition, it will be possible to send questions to the following mail address: btpitalia@mef.gov.it.