The Ministry of Economy and Finance announces the placement details of the new 15-year BTP, maturing on the 1st March 2035, with a 3.35% coupon.
The amount of 10 billion Euro has been issued at a re-offer price of 99.609, equivalent to a 3.410% gross annual yield.
Around 320 investors have taken part to the transaction with a total amount requested in excess of 35.6 billion Euros. Fund managers have been allotted for 55% of the total amount issued, while slightly less than 21% has been subscribed by banks.
In terms of geographical residence of investors, the placement has been extremely diversified. A significant share has been allotted to domestic investors, that bought about 36% of the issuance. The participation of foreign investors has been also relevant, for about 64%, of which the largest share (about 25%) has been allotted to UK and Irish investors. The rest of issuance has been placed mainly in continental Europe (around 36%), with a significant presence of Germany/Austria/Swizterland (21%), Scandinavian countries (about 5%), Spain (about 5%), France (about 4%), Benelux (about 1%) and other European countries (about 1%). Finally, a marginal share, equal to about 2% of the issuance, has been allocated to investors outside Europe.