Milan, 23 Oct. (LaPresse) – “In order to take account of changing market conditions, the coupon rates” of the “BTP Valore” “have been revised upwards compared with those announced on 16 October for both issues, so as to maintain equivalence between the two instruments in terms of total return”. This was reported by the Ministry of Economy and Finance. Consequently, for the BTP Valore, the final coupon rates are set at: 3.75 per cent for the 1st and 2nd years; 4.20 per cent for the 3rd and 4th years; 4.75 per cent for the 5th year. For the BTP Valore Insieme, the rate of the single coupon to be paid at the end of the 5 years, together with the repayment of the principal, is set at 22.70 per cent.” The amounts issued correspond to the total value of the purchase contracts validly concluded at par on the MOT (the Borsa Italiana Electronic Market for Bonds and Government Securities) during the five-day placement period, through two dealer banks, Intesa Sanpaolo and UniCredit, and two co-dealer banks, Banca Monte dei Paschi di Siena and Banco BPM. “The securities have a coupon date of 27 October 2026 and a maturity date of 27 October 2031,” adds the Ministry of Economy and Finance (MEF).
Treasury: Ministry of Economy and Finance revises BTP Valore and BTP Valore Insieme coupon rates upwards
Milan, 23 Oct. (LaPresse) – “In order to take account of changing market conditions, the coupon rates” of the “BTP Valore” “have been revised upwards compared with those announced on 16 October for both issues, so as to maintain equivalence between the two instruments in terms of total return”. This was reported by the Ministry of Economy and Finance. Consequently, for the BTP Valore, the final coupon rates are set at: 3.75 per cent for the 1st and 2nd years; 4.20 per cent for the 3rd and 4th years; 4.75 per cent for the 5th year. For the BTP Valore Insieme, the rate of the single coupon to be paid at the end of the 5 years, together with the repayment of the principal, is set at 22.70 per cent.” The amounts issued correspond to the total value of the purchase contracts validly concluded at par on the MOT (the Borsa Italiana Electronic Market for Bonds and Government Securities) during the five-day placement period, through two dealer banks, Intesa Sanpaolo and UniCredit, and two co-dealer banks, Banca Monte dei Paschi di Siena and Banco BPM. “The securities have a coupon date of 27 October 2026 and a maturity date of 27 October 2031,” adds the Ministry of Economy and Finance (MEF).