The economy ministry said Friday that
subscriptions to Italy's new BTP Valore Treasury bond for small
Italian investors achieved the highest result ever for a product
of this kind.
The issue, which opened on Monday, closed on Friday with
subscriptions totalling 18.191.090 euros.
This, said the ministry, is the highest result ever in terms of
value subscribed, but also in terms of the 654,675 contracts
registered for a bond exclusively targeting small investors.
The four-year Btp Valore has a yield of 3.25% in the first two
years and of 4% in the third and fourth and a 0.5% loyalty
premium for those holding it to maturity.
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