It closes with 3,7 billion subscriptions the first day of placement of new Btp Value May 2024. The contracts signed were 121.546, for an average value of 30.447 euros. On the first day of placement of the previous issue, which took place in February 2024, the BTP Valore had total requests at the end of the day amounting to 6,44 billion euros. The average of requests of the previous three placements, the BTP value on the first day was 5,55 billion euros.
The characteristics of the new BTP Valore May 2024
The issue, with expires May 2030, provides quarterly coupons e guaranteed minimum rates annually of 3,35%, from the first to the third year, and of 3,90%, from the fourth to the sixth year, and a final premium equal to 0,8% of the invested capital for those who purchase it during the placement days and holds until maturity.
I definitive coupon rates of the security will be set at the end of the placement which will take place on Friday 10 May at 13pm, unless early closure: the rates may be confirmed or revised, but only upwards, based on the market conditions on the closing day of the issue.
Launched last year, the BTP Valore has raised a total of 53,7 billion euros. Last February, again with a six-year BTP Valore, the Treasury raised 18,32 billion euros, while in the October 2023 edition (maturity 5 years) it stopped at 17,19 billion euros and in the first ( maturity 4 years) had settled at 18,19 billion euros.
