The books of the gods opened this morning new 15-year BTP maturing in March 2030. The bond was announced yesterday afternoon by the Treasury and should have a yield between 12 and 14 basis points above the rate of the old September 2028 benchmark. One of the lead managers told the Reuters agency, adding that the initial indications of interest are in the area of 7 billion.
According to a strategist quoted by MF, to be in line with the yield curve, the new Btp should yield in the area 3,64%-3,65%: "If there is good demand on the market, however - he specified -, the title could soon end up trading more expensive than the curve, as we have seen for the last 15 years that have been launched by the Treasury". As for the amount of the issue, “it could be understood between 5 and 6 billion", he added.
The Ministry of Economy and Finance has entrusted the mandate for the placement to Deutsche Bank, HSBC France, JP MorganSecurities, Monte dei Paschi and Royal Bank of Scotland.
Today mid-morning it spread between the 151-year BTPs and the equivalent German Bunds, it travels slightly down, at XNUMX basis points.
