The Ministry of Economy and Finance announced today the results of the placement of the new syndicated 15-year BTP€i.
The bond, maturing on the 15th September 2032 with accrual date 15th September 2015, has a real 1.25% annual coupon, paid on a semi-annual basis. The settlement date of the transaction is set on October 14th.
The amount of 3.5 billion Euro has been issued at a re-offer price of 99.772, equivalent to a 1.269% real gross annual yield.
The bond has been placed through a syndicate, structured with five lead managers: Banca IMI S.p.A., BNP Paribas, Citigroup Global Markets Ltd., ING Bank N.V., Nomura Int. PLC. The other Specialists in Italian Government bonds have been invited to participate as co-lead managers.
Insights:
Placement results of the new 15-year BTP€i