06/08/2021 | Press release | Distributed by Public on 06/08/2021 09:59
The Ministry of Economy and Finance announces the placement results of the first tranche of the new 10-year BTP. The bond, maturing on the 1st December 2031 with accrual date 1st June 2021, has a 0.95% annual coupon, paid on a semi-annual basis. The settlement date of the transaction is set on the 15th June.
The amount of 10 billion Euro has been issued at a re-offer price of 99.923, equivalent to a 0.96% gross annual yield.
The bond has been placed through a syndicate, structured with five lead managers, BNP Paribas, Crédit Agricole Corp. Inv. Bank, Goldman Sachs Bank Europe SE, HSBC Continental Europe and Intesa Sanpaolo S.p.A. and with the rest of Specialists in Italian Government bonds participating as co-lead managers.
Details regarding the demand composition will follow in the next press release of the Ministry.