The Ministry of Economy and Finance announces the placement results of the syndicated issuance of a new 7-year BTP and a tap of the on-the-run 30-year BTP.
As concerns the new 7-year BTP, the bond maturity date is on the 15th November 2031, accrual date 29th of October 2024, and the annual coupon, paid on a semi-annual basis, is 3.15%.
The amount issued has been 10 billion Euro while demand has been around 99 billion Euros. The bond has been placed at a re-offer price of 99.831, equivalent to a 3.200% gross annual yield.
As concerns the tap of the 30-year BTP, with maturity date 1st October 2054 and coupon 4.30%, the amount of 3 billion Euro has been issued Euro while the demand has been around 107 billion Euros.. The bond has been placed at a re-offer price of 101.104, equivalent to a 4.279% gross annual yield.
The settlement date of the above-mentioned transactions is set on the 29th of October.
The bond has been placed through a syndicate, structured with six lead managers, Deutsche Bank A.G., Goldman Sachs Bank Europe SE, Intesa Sanpaolo S.p.A., J.P. Morgan SE, Morgan Stanley Europe SE and Nomura Financial Products Europe GmbH and with the rest of Specialists in Italian Government bonds participating as co-lead managers.
Details regarding the demand size and composition will follow in the next press release of the Ministry.