The Btp Valore starts off strong, already purchases for a billion - Last hour. First billion euros of subscriptions for the BTP Valore, the government bond intended for small savers whose placement opens today.
The bond, which has a duration of six years, offers a coupon of 3.25% in the first three years and 4% inThe remaining three, with a premium of 0.7% for those who hold it to maturity which brings the average annual return to 3. 74%. The placement will continue until 1pm on Friday, unless early closure.