BTP Italia - The Eighth Issue
The Eighth BTP Italia Issue: placement period 13 - 16 April 2015
Apr 13 2015 - 12:30
Trading
- Total Outstanding Issued: 9,379,071,000 Euro
- Interest: 0.50%, payable on April 20th and October 20th of each year until maturity
- Interest Commencement Date: 20th April 2015
- Maturity Date: 20th April 2023
- Minimum Trading Amount: 1,000 Euro
- Loyalty Premium: 0.4% paid by MEF to individuals who have bought the bond at issuance and have held until maturity
Distribution
- Distribution Period: from Monday, October the 13th until Thursday, October the 16th 2015, with two phases: the first three days, from October the 13th to October the 15nd (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 16th 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: 20 April 2015
- Dealers selected by the Issuer to the distribution: Banca IMI S.p.A. and Unicredit 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. - Orders that can be entered during the Placement Period by the Market partecipants: buy orders only.
First Phase: market orders or limit orders at Issue price only. Validity types: Fill-or-Kill (FOK), Immediate or Cancel (IOC) o 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: Limit orders only with the Day time in force. - Minimum lot purchasable:
First Phase: 1,000 Eur
Second Phase: 100,000 Eur
Please download the MEF press release.
Please download the Termsheet of the Eighth Issuance.
Please download:
- the Public Notice related to the start of the Distribution Period
- the Public Notice related to the guaranted minimum annual (real) coupon rate
- the Public Notice related to the Codes and the Dealer for the Second Phase
- the MEF press release related to the closing of the placement
- the Public Notice for the start of trading
For more details please visit MEF website.