BTP Valore - Third Issue

Distribution

  • Distribution Period: from Monday, February the 26th until Friday, March the 1st 2024 (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: March the 5th 2024
  • 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 pre-set 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 0.7%.
  • Orders: that can be entered by the Market participants: buy orders only like market orders. Validity types: Good-till-Cancel (GTC).
  • 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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