Retail investors stockpile Btp Futura, thus the third issue of the sovereign bond issued to meet expenditure related to the pandemic collects total orders for 5.46 billion euros. Today, on the last day of placement, the requests received from retail amounted to 327 million euros distributed over almost 9 thousand orders.
Including the result of the other four placement days, in which the requests amounted to € 5.14 billion, the amount placed by the Treasury stands at 5.46 billion. On the occasion of the second issue of the BTP Futura, carried out in November 2020, the total amount placed stood at € 5.71 billion.
The new BTP Futura guarantees six-monthly nominal coupons calculated on the basis of pre-established rates that increase over time (the so-called step-up mechanism) and has a maturity of 16 years with a double loyalty bonus. The title it will therefore pay 0.75% for the first four years, 1.20% from the fifth to the eighth, 1.65% from the ninth to the twelfth and 2% from the thirteenth at maturity.