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BTP Italia - Sixth Issue

The Ministry of Economy and Finance (MEF) announces the issuance of BTP ITALIA, with a 6 year maturity - instead of 4 year maturity as for past issuances.


  • Distribution period: from Monday, April the 14th until Thursday, April the 17th 2014, with two phases: the first three days, from April the 14th to April the 16th (which may be reduced to two in the case of early closure) will be reserved to individual investors and other entities with the same nature, while April the 17th (with possible early closure before the natural end of trading day time, with a notice period of 30 minutes) will be reserved to the remaining types of institutional investors. The final bonus will be awarded to the participants in the First Phase of the distribution who hold the bond until maturity, in accordance with what established in previous issuances.
  • Settlement date for trades executed during the Placement Period: 23 April 2014  
  • Fixed price for trades executed during the Placement Period (Issue price): 100
  • Orders that can be entered during the Placement Period by the Market participants: buy orders only; market orders or limit orders at Issue price only. Validity types: Fill-or-Kill (FOK), Immediate or Cancel (IOC) or DAY only. Limit orders with the DAY time in force will remain into the book also in the case of temporary absence of the Dealers
  • Placement methods: continuous trading phase only 9.00-17.30 (no opening auction phase)
  • Minimum lot purchasable: 1,000 Eur

For more details please visit the MEF website.

For the Indexation coefficients for BTP Italia visit the following page on the MEF website.

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