Italy to Launch Next Issue of BTP Italia in March
February 06 2023 - 9:44AM
Dow Jones News
By Emese Bartha
Italy will launch a new series of BTP Italia--a retail-oriented
government bond indexed to the Italian inflation rate--, with
subscriptions running between March 6 and March 9, the Italian
Ministry of Economy and Finance said Monday.
The next BTP Italia will have a maturity of five years and a
bonus payment equal to 0.8% for retail investors who will purchase
the BTP Italia at issuance and hold it continuously until the final
maturity of March 14, 2028, it said.
Similar to previous BTP Italia issues, the new bond will be
placed in two phases. Subscriptions will run for retail investors
between March 6 and March 8, unless early closing, while the second
phase, which will take place in the morning of March 9, will be
reserved to institutional investors, the ministry said.
The guaranteed minimum annual real coupon rates will be
announced on March 3, it said.
Write to Emese Bartha at emese.bartha@wsj.com
(END) Dow Jones Newswires
February 06, 2023 09:29 ET (14:29 GMT)
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