Fourteenth BTP Italia bonds offers securities with 4 year duration that have the same financial characteristics of all the expired editions since 2012. Placement started on November 19th. The guaranteed minimum annual real coupon rate is 1.45%.
For the new bond, with first accrual date as of the 26th of November 2018 and maturity date as of the 26th of November 2022, the definitive annual (real) coupon rate is set at 1.45%, paid on a semi-annual basis. The settlement date coincides with the accrual date.
The amount issued has been of 2,164.127 million Euros and it 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) through Banca IMI S.p.A. and BNP Paribas during the placement period, which started on the 19th of November 2018 and ended today at 11 a.m.. In particular, during the First Phase of the placement (dedicated to retail investors), from the 19th to the 21st of November 2018, the number of contracts concluded has been 31,011 for a turnover of 863.340 million Euros. During the Second Phase of the placement (dedicated to institutional investors), which opened and closed today, the number of purchase proposals collected and executed has been 55 for an issued volume of 1,300.787 million Euros.
An information Termsheet BTP Italia is available on this website, as well as FAQs and a technical note for market operators giving savers and market operators all the information they need to participate in the placement.
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