The Ministry of Economy and Finance announces that the placement of the first issuance of the BTP Valore, that started on the 5th of June, has closed today for a total amount of 18,191.090 million Euros.
It is the highest result ever recorded both in terms of amount issued and of number of contracts concluded, 654,675, in a single placement of a government bond targeted exclusively to retail investors, such as the BTP Valore.
For the bond, with first accrual date as of the 13th of June 2023 and maturity date as of the 13th of June 2027, the series of definitive annual nominal coupon rates is set at 3.25% for the first two years and 4.00% for the following two years. The annual coupon rates communicated on the last 1st of June are therefore confirmed.
Investors that will hold the bond until the final maturity of 4 years will be entitled to receive also the final extra bonus payment equal to 0.5% of the invested capital.
The amount issued 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) during the placement period through the two dealers Intesa Sanpaolo S.p.A. and Unicredit S.p.A., also supported by the two co-dealers, Banca Akros S.p.A. and Banca Sella Holding S.p.A.