The Ministry of Economy and Finance (MEF) announced that the issue dual tranche tramite syndicate of a new BTP at 10 years and a new BTP Green at 20 years has seen overall demand for over 270 billion euros.
Ten-year BTp and Green, record demand
As for the new 10 year BTP, the bond expires on 1 August 2035, entitlement on 15 January 2025 and an annual rate of 3.65%, paid in two semi-annual coupons. The amount issued was equal to 13 billion euros against a demand of over 140 billion euros. The security was placed at a price of 99.577 corresponding to a gross annual yield at issue of 3.733%.
The numbers
As for the BTP Green at 20 yearsi, the bond expires on 30 April 2046, rights on 15 January 2025 and an annual rate of 4.10%, paid in two semi-annual coupons. The amount issued was equal to 5 billion euros against a demand of approximately 130 billion euros. The security was placed at a price of 99.465 corresponding to a gross yield on issue of 4.181%.
The settlement of the aforementioned operations is set for next January 15th.
The placement was carried out through unionconsisting of you are lead manager, Banca Monte dei Paschi di Siena, BNP ParibasCiti, Crédit Agricole, NatWest and UniCredit and the remaining Specialists in Italian Government Bonds as co-lead managers.
