Orders for the new BTP Italia that the Treasury has been offering on the market since this morning are already approaching 6 billion euros. This is what Radiocor reports, citing financial sources. The Ministry of the Economy has announced that if demand for the four-year title is very strong, it could close the placement as early as tomorrow morning.
The first results of the fifth issue of the BTP Italia confirm the expectations of a strong initial demand in view of the probable early closure of the placement as early as tomorrow. According to the first findings reported by Reuters, after about an hour and a half the requests exceeded 5 billion euros.
“We believe that in view of the strong demand, the Treasury will choose to opt for the early closing of the subscription period tomorrow at 14 pm, halfway through the second subscription day,” comments Filippo Diodovich, market strategist at IG. In the previous issue, two full days were guaranteed for the subscription of the BTP Italia. The definitive coupon, according to the IG expert, should be equal to 2,15%, thus confirming the guaranteed minimum annual coupon rate communicated yesterday.
