BTP Valore - First Issue

Distribution

  • Distribution Period: from Monday, June the 5th until Friday, June the 9th 2023 (until 13.00), 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: 13th June 2023
  • Dealers selected by the Issuer for the distribution: Intesa Sanpaolo S.p.A. and Unicredit S.p.A.
  • Fixed price for trades executed during the Placement Period (Issue price): 100%
  • Coupon: the coupons will be set on the basis of a preset path of increasing rates over time ("step-up" mechanism).
  • Placement methods: continuous trading phase only from 9.00 till 17.30 (no opening auction phase) ending at 13.00 on the fifth day of distribution, except for early closure.
  • Premium: the final bonus, paid only to investors who purchase the bond at issuance and hold it until its final maturity, will be set equal to 0,5%.
  • Orders that can be entered by the Market partecipants: buy orders only like 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.
  • Minimum lot purchasable: 1,000 Eur.  

Please download the MEF press releaseTermsheet of the First Issuance  and Technical Note.

Please download:
- the Public Notice regarding the Distribution Phase;

- the Public Notice of the Start of trading

For more details please visit MEF website.


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