With 22,3 billion euros collected in four days, the new Btp Italy 2025 it turned out to be one of the most successful public titles in the history of our country. Enticed by a real rate of 1,40% gross/year (to which inflation will be added every six months, if any) and from a loyalty bonus double compared to the past (equal to 8 per thousand), but perhaps also, in part, from the perspective of help the state to face the coronavirus emergency (declared objective of the issue), the Italians chose to reward inflation-indexed Treasury bills with the best result ever.
In the end, the share of savings catalysed by the Btp Italia 2025 has touched the sidereal peak of 14 billion euros: the second day went better than the first and the third (with 5,211 billion collected) was even more fruitful than the second, bringing funding to 13,966 billion euros, distributed among almost 400 thousand small savers.
These were added on Thursday institutional investors, which in the two hours available to them raked in another 8,23 billion Btp Italia 2025, bringing the total booty of the issue to 22,3 billion euros. This is the largest BTP Italia placement since the launch of this instrument, which dates back to 2012. The previous record was held by the November 2013 issue, when orders were collected for 22,271 billion.
As usual, the Minister of Economy, Roberto Gualtieri, entrusted his comment to Twitter: "A great success, the Italians thus show trust and support for our country, which wants to get out of this crisis soon, stronger than before".
Before the opening of the Stock Exchange, based on market conditions, the Ministry of Economy had communicated the intention not to change the interest rate offered, confirming the final real annual coupon rate at 1,4%, equal to the value of the already announced guaranteed minimum rate.
