BTP Value Reaches Record High with Third Close Above 18.3 Billion

BTP Value Reaches Record High with Third Close Above 18.3 Billion

The third issue of the BTP Valore has successfully ended with a record-breaking closing. The initiative managed to gather orders worth more than 18.31 billion. The final day of the placement, which wrapped up today at 1pm, saw an influx of orders surpassing 1.371 billion. Furthermore, over 56 thousand contracts were concluded, making it a significant day for the BTP Valore.

In a comparative analysis with its predecessors, the third edition of the BTP Valore was the most fruitful, gaining more traction among savers. The first and second issues did well too, raising 18.1 billion and 17.2 billion respectively, yet the third issue managed to surpass both records.

Statement from Mef

The Ministry of Economy and Finance (Mef) expressed its satisfaction with the outcome. According to a note released by the ministry, this has been the highest result ever achieved in terms of value subscribed. Moreover, the number of contracts registered is also impressive, with a total of 656,369 contracts in a single placement of government bonds catered towards small savers, the group to which the BTP Valore is exclusively intended.

Mef also provided more details about the amount issued. The total amount correlates with the overall value of the purchase contracts that were validly concluded at par on the Mot. Mot, also known as the Telematic Market of Government Bonds and Securities of the Italian Stock Exchange, saw the transactions unfold over the five days of placement. Two dealer banks, Intesa Sanpaolo and Unicredit, facilitated these transactions with the support of two co-dealer banks, Banca Akros and Banca Monte dei Paschi di Siena.