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- BTP Italia: first phase closed with more than 325,000 retail subscriptions for 8.5 billion Euros

Tomorrow the Second Phase dedicated to institutional investors. The ISIN code is now released
 03/08/2023

Press release N° 37 of 03/08/2023

The Ministry of Economy and Finance announces the closing of the first phase of the nineteenth issuance of BTP Italia, recording a large participation of retail investors.

In particular, from the 6th to the 8th of March, 327,323 retail investors have subscribed the bond, for an amount of 8,563.209 million Euros. The number of subscriptions was the second highest ever recorded.

Tomorrow, the 9th of March 2023, from 10 a.m. to 12 p.m, the Second Phase of the nineteenth BTP Italia issuance, dedicated to institutional investors, will take place on the MOT (the Borsa Italiana’s screen-based market for securities and government bonds) with the ISIN code IT0005532723.

Before the opening of this Phase, based on market conditions, the Treasury will set and release the definitive annual (real) coupon rate of the bond, at a level not below the guaranteed minimum annual (real) coupon rate of 2.00%, already announced on March 3rd, 2023.

Please note that all the documents that illustrate the characteristics of the placement and distribution of the bond as well as the calculation method for the coupon and the capital revaluation can be found on the website of the Ministry of Economy and Finance (www.mef.gov.it/btpitalia).

The information contained herein is not for publication or distribution, directly or indirectly, in or into the United States of America. The materials do not constitute an offer of securities for sale in the United States. The securities discussed herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “US Securities Act”) and the securities may not be offered or sold in the United States of America absent registration or an exemption from registration as provided in the U.S. Securities Act, and the rules and regulations thereunder. No public offering of securities is being or will be made in the United States of America. Accordingly, the securities are being offered, sold or delivered only to persons outside the United States in offshore transactions in reliance on Regulation S under the US Securities Act.
  BTP Italia: first phase closed with more than 325,000 retail subscriptions for 8.5 billion Euros
Rome 03/08/2023
IT
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