Btp Italia, Gualtieri: record savers requested 14 billion
2020-05-20T20:37:03.745Z
In the first three days dedicated to retail, Btp Italia collects and collects almost 14 billion euros (13.966 to be precise) with a growing demand which culminated in today's day at 5.211 billion after 4.018 on Monday and 4.677 on Tuesday. The turnout was high, as evidenced by 141,563 contracts registered today (after more than 133 thousand yesterday and 110 thousand of the debut), a sign that there are many riparmers who have invested on average 36,810 euros each per day. "The placement was a great success," Economy Minister Roberto Gualtieri commented on Twitter, indicating that the requests from small savers for 14 billion are "a real record since the birth of BTP Italy. The Italians thus demonstrate trust and support for our country. who wants to get out of this crisis stronger than before ". Tomorrow the sixteenth edition of the inflation-linked government bond, intended to support the costs in the covid emergency, ends with the second phase of the placement, reserved for institutional investors, restricted to two hours, from 10 to 12, with the possibility for the Ministry of Economy to go to the allotment if the requests exceeded the final collection targets, which were indicated on the market between 13 and 16 billion. So basically already achieved. It is difficult then, in the light of the fully exhausted recorded in the first three days, that the Treasury decides Thursday morning to increase the annual interest rate above the 1.4% already set. It is precisely the yield of the new security, much higher than the 0.65% of the previous October issue, to help explain why that had stopped at 6.7 billion in total funding. Furthermore, it must be considered that the Btp Italia offers an 8 per thousand loyalty bonus for those who will hold the title for five years until the deadline, bank fees are not paid to buy it and taxation is reduced to 12.5% . This issue with its 14 billion that came only from retail can rather repeat the results of the golden editions of 2013-2014, when four consecutive BTPs raised between 17 and 22 billion. The response of savers "goes beyond the brightest expectations and is an important result of confidence in the country", said the head of Borsa Italiana's bond markets, Pietro Poletto, confident also of tomorrow's half-day dedicated to large investors. "I think there will be a lot of interest and demand."
Share
20 May 2020 In the first three days dedicated to retail, BTP Italia collects and collects almost 14 billion euros (13.966 to be precise) with a growing demand that culminated in today's day at 5.211 billion after 4.018 on Monday and 4.677 on Tuesday. The turnout was high, as evidenced by 141,563 contracts registered today (after more than 133 thousand yesterday and 110 thousand of the debut), a sign that there are many riparmers who have invested on average 36,810 euros each per day. "The placement was a great success," Economy Minister Roberto Gualtieri commented on Twitter, indicating that the requests from small savers for 14 billion are "a real record since the birth of BTP Italy. The Italians thus demonstrate trust and support for our country. who wants to get out of this crisis stronger than before ". Tomorrow the sixteenth edition of the inflation-linked government bond, intended to support the costs in the covid emergency, ends with the second phase of the placement, reserved for institutional investors, restricted to two hours, from 10 to 12, with the possibility for the Ministry of Economy to go to the allotment if the requests exceeded the final collection targets, which were indicated on the market between 13 and 16 billion. So basically already achieved. It is difficult then, in the light of the fully exhausted recorded in the first three days, that the Treasury decides Thursday morning to increase the annual interest rate above the 1.4% already set. It is precisely the yield of the new security, much higher than the 0.65% of the previous October issue, to help explain why that had stopped at 6.7 billion in total funding. Furthermore, it must be considered that the Btp Italia offers an 8 per thousand loyalty bonus for those who will hold the title for five years until the deadline, bank fees are not paid to buy it and taxation is reduced to 12.5% . This issue with its 14 billion that came only from retail can rather repeat the results of the golden editions of 2013-2014, when four consecutive BTPs raised between 17 and 22 billion. The response of savers "goes beyond the brightest expectations and is an important result of confidence in the country", said the head of Borsa Italiana's bond markets, Pietro Poletto, confident also of tomorrow's half-day dedicated to large investors. "I think there will be a lot of interest and demand."
