The seventeenth edition of BTP Italy closes with a total issued equal to 9,4 billion euros. He communicates it the Ministry of Economy in a note, specifying that in the placement reserved for institutional investors, scheduled for today, funding reached 2,179 billion euro, which adds up to the 7,24 billion sold in the phase reserved for retail customers (closed yesterday).
The characteristics of the Btp Italia 2022
The BTp Italia has a duration of 8 years (expiring on 28/06/2030) and is a security indexed to the Italian inflation rate, with coupons paid every 6 months together with the capital appreciation due to the inflation of the same semester. The definitive annual (real) coupon rate is equal to 1,60%, analogous that is to the minimum communicated last week.
The double loyalty bonus of the Btp Italia 2022
We remind you that this year's novelty concerns the BTP Italia loyalty bonus, which will be double:
- anyone who purchases the security during the first phase of the placement and holds it until the end of the first four years, on 28 June 2026, will be entitled to an intermediate loyalty bonus equal to 0,4% of the nominal capital purchased without revalued;
- after another four years, upon maturity of the security, set for 28 June 2030, retail investors who have continued to hold the security from issue to maturity will be paid a final premium equal to 0,6% of the nominal capital subscribed reevaluated.
The previous editions of the BTP Italia
On the occasion of the 16th issue, institutional investors were assigned a total of 8,3 billion of the Italian BTP against a total demand of 19,5 billion euro. The total issued in May 2020 amounted to 22,29 billion euros.
The number of contracts concluded
The Treasury then adds that the proposals put forward by the institutional investors who participated today in the second phase of the placement totaled 238, for an issued value of 2,179 billion euro. During the first phase of the placement (dedicated to individual and similar investors), from 20 to 22 June 2022, 211.432 contracts were concluded for a value of 7,26 billion euro.
