On the third day of the placement, the BTP Valore continues to be successful with the retail investors to whom it is addressed. In the morning, the bond has already been subscribed for over two billion euros, in line with what was seen in previous sessions. Yesterday at the end of the day subscriptions amounted to 5.195 billion and added to the 5.45 billion on Monday led to collect more than 10.6 billion in two days. The operation ends this Friday unless the Ministry of Economy decides to stop earlier.
In particular, 185,820 contracts changed hands yesterday.
The four-year bond offers a guaranteed minimum yield of 3.25% for the first two years and 4% for the remaining two years, plus a loyalty premium of 0.5% if it is held in the portfolio until maturity.
How the Btp Valore works
