BTP Italia -  Twentieth Issue

BTP ITALIA: new issuance starting from 27th May

Distribution

• Distribution Period: from May the 27th until May the 30th 2025 with one phase (which may be reduced in the case of early closure) will be reserved to individual investors and other entities with the same nature.
• Settlement date for trades executed during the Placement Period: 4th June 2025
• Coupon: The guaranteed minimum annual (real) coupon rates are 1.85%
• Fixed price for trades executed during the Placement Period (Issue price): 100%
• Premium: Paid only to those who purchase the bond during the offering period and hold it until maturity, it will have a value equal to 1%.
• Placement methods: For the First Phase, there will be a single continuous trading phase only from 9:00 AM to 5:30 PM (no opening auction phase is planned); for the Second Phase, there will be an Auction session from 10:00 AM to 12:00 PM, with buy and sell orders matched at the end of the Auction, and a possible allocation if needed.
• Orders that can be entered by the Market participants: buy orders only like market orders. Validity types: Good-till-Cancel (GTC)