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BTP Italia - Tenth Issue

The Ministry of Economy and Finance (MEF) announces the issuance of BTP ITALIA, with a 8 year maturity as for the last issuance.


  • Distribution Period: from Monday, October the 17th until Thursday, October 20th 2016, with two phases: the first three days, from October the 17th to October the 19th (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 October the 20th 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: 24 October 2016
  • Dealers selected by the Issuer to the distribution: BNP Paribas and Monte dei Paschi di Siena Capital Services Banca per le Imprese S.p.A. 
  • Fixed price for trades executed during the Placement Period (Issue price): 100%
  • Placement methods: First Phase: Continuous Trading phase only from 9.00 till 17.30 (no opening auction phase); Second Phase: Auction phase only, from 9:00 till 11:00, with a Pro-rata mechanism applicable.
  • Type of buy orders for the First Phase: 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. Second Phase: market orders with the GTC time in force.
  • Minimum lot purchasable: First Phase: 1,000 Eur; Second Phase: 100,000 Eur.

Please download:
- the Public Notice for the start of distribution;
- the Public Notice with the guaranteed minimum annual (real) coupon rate;
- the Public Notice with the codes and the Dealer for the for the Second Phase:
- the Public Notice for the start of trading.

Please download the MEF press release and the Termsheet of the Tenth Issuance.

For more details please visit MEF website.

Last update:  October 20 2016 - 15:29

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