BTP Valore and BTP Valore Insieme - Eighth and Ninth Issuances
BTP Valore and BTP Valore Insieme: new Issuances from 19th October
For the first time, two different BTP Valore will be offered simultaneously and can be purchased either separately or together.
Distribution
- Distribution Period: from Monday, October the 19th until Friday, October the 23rd 2026, 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: 27/10/2026
- Dealers selected by the Issuer for the distribution: Intesa Sanpaolo S.p.A., Unicredit S.p.A.
- Fixed price for trades executed during the Placement Period (Issue price): 100%
- 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.
- 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 release
Trading BTP Valore
Interest commencement date: 27/10/2026
Maturity Date: 27/10/2031
Minimum Lot: 1.000 Euro
Coupons: coupons will be set on the basis of a pre-set path of increasing rates over time ("step-up" mechanism) and will be paid quarterly on the 27th day of January, April, July and October of each year
Please download the Termsheet of the Eighth Issuance
Trading BTP Valore Insieme
Interest commencement date: 27/10/2026
Maturity Date: 27/10/2031
Minimum Lot: 1.000 Euro
Coupon: single coupon paid at maturity
Please download the Termsheet of the Ninth Issuance