The Ministry of Economy and Finance announces the placement details of the new 30-year BTP, maturing on the 1st September 2050, with a 2.45% annual coupon. About 360 investors have taken part to the transaction with a total amount requested of nearly 48 billion Euros.
Slightly more than two-thirds of the issuance has been allotted to fund managers (67.9%), while a share of 13.3% has been subscribed by banks. Investors with a long-term investment horizon have bought 12.1% of the issuance (in particular central banks and official institutions have been allotted for 6.4%, while pension funds and insurance companies for 5.7%).
Hedge funds have subscribed 6.5% of the total amount issued. Also non-financial institutions (corporations) have taken part to the transaction with a residual share of 0.1%.
In terms of geographical residence of investors, the placement has been extremely diversified with the involvement of investors coming from more than 35 countries: foreign investors have been allotted for 68.1% of the issuance, while domestic ones have bought a share of 31.9%.
Among foreign investors, the participation of those from the UK and North America has been relevant, as they have been allocated respectively for 18.3% and 15.1% of the total issuance.