Debut beyond expectations for the new Treasury product, the Btp Italia indexed to inflation, whose placement has started today. About halfway through the session, the orders they already had exceeded one billion euros. The forecasts for the outcome of this first fundraising – which will close on 22 March – indicated a range between 1,5 and two billion euro as a target. Bonds have six-monthly coupons and four-year duration.
"We cater to families – said the Deputy Minister of Economy, Victor Grilli, on Tg1 -. Compared to other countries, this category of investors is very present on our market. We designed this title with them in mind, trying to protect the investment from the risk of inflation and lengthen maturities”.
TThe minimum amount of garlic that can be subscribed is 1.000 euros. I Btp Italia – to which she was assigned on Friday a guaranteed minimum coupon of 2,25%, for an unlimited amount – are issued not through the traditional auction mechanism, but directly on the Mot platform of Borsa Italiana-London Stock Exchange Group.
“Typically – Grilli explained again – Italian families buy Bots, which are up to one year old. We therefore tried to create a bridge, not until the tenth anniversary of the BTP, but an average investment of four years. We try to adapt our needs as a Treasure to those of families”.
Despite this retail vocation, in addition to many orders between 30 and 50 thousand euros have also arrived today much more substantial requests, between 150 and 250 thousand euros, which most likely must be traced back to institutional investors.
