Wednesday 29 November The Treasury Department is scheduled to hold its last bond issuance this month. In detail, the Ministry of Economy and Finance (MEF) will offer the following securities, in exchange for: A The maximum total amount is 7.5 billion euro:
- 5 years BTP
- 10 years BTP
- 5 years CCTeu (remaining life 3 years)
Reservations from the public can be made by November 28While bids for the auction are allowed to be submitted by 11:00 on November 29 itself. Applications for the supplementary auction must be submitted by 3.30pm on November 30, while entries will be settled on December 1.
Below is all the information regarding this medium-term bond issue, the last of its kind in 2023 following changes to the calendar announced in recent days.
5 years BTP
Here are the most important ones Characteristics related to 5-year BTPs Currently released:
- International numbering code: IT0005566408
- Slide: 5to
- Release Date: October 2, 2023
- Expiration: February 1, 2029
- Annual voucher: 4.1%
- Voucher payment date: February 1, 2024
- Amount displayed: From 2.5 to 3.0 billion.
The first short coupon for 5-year BTPs will have a total rate of 1.36%, equivalent to a 122-day period of a 184-day term.
10 years BTP
Based on A new issue of the 10-year BTP bond is currently being issuedThe main features are:
- International numbering code:IT0005560948
- Slide: 5to
- Release Date: September 1, 2023
- Expiration: March 1, 2034
- Annual voucher: 4.20%
- Voucher payment date: March 1, 2024
- Amount displayed: From 3.0 to 3.5 billion.
CCTeu 5 years (Remaining life 3 years)
Here, finally, are the relevant salient data Five-year CCTeus indexed to a 6-month EuriborWith a remaining life of 3 years:
- International numbering code: IT0005428617
- Slide: 21to
- Release Date: October 15, 2020
- Expiration: April 15, 2026
- annual rate: 4.621%
- Footnotes: 0.5%
- Semi-annual coupon rate: 2.349%
- Voucher payment date: April 15, 2024
- Amount displayed: From 0.75 to 1.0 billion.
Additional general information about BTP auctions
The placement mechanism used will be automatedMarginal auction with estimated price of awarded and the quantity issued during the emission periods mentioned above. The minimum amount that can be subscribed is one thousand euros.
The amount offered will be determined by eliminating offers submitted at prices deemed unaffordable based on market conditions.
In the event that it is not possible to accept offers at the marginal price in full, a proportional distribution of the shares will be made, with the necessary rounding.
For information about upcoming November issuesClick on the link below:
Below, however, are appointments with December auctions:
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