BTP Italia, on the first day they collected 3.14 billion. How to buy it online: all steps

Brucian departure for the placement of the twentieth issue of BTP Italia, the title with coupon and capital re -evaluated on the basis of the Italian inflation rate for the families of workers and employees (Foi index net of tobacconists), which offers a guaranteed minimum return of 1.85% and a 1% « loyalty » award for those who keep the bond in wallet until the expiry after signing it to the placement. Yesterday, on the first day of opening of the subscriptions (after on Monday the rate of the minimum guaranteed return was communicated) orders for the new 7 -year bond – refund to 4 June 2032) – exceeded 3.14 billion euros. There were 85,981 contracts signed by title. The offer addressed to Retail savers will continue until Thursday 29 May (except for early closing), while May 30 is the day dedicated to the collection of orders from institutional investors.

Health market

This is a solid departure for the new BTP Italia, although the collection figure is slightly lower than the value reached in the previous issue of March 2023, when subscriptions for 3.637 billion had been recorded on the first day. The placement takes place in a positive market scenario for Italian fixed income. For about 10 days, the BTP-Bund spread has been oscillating 100 points in the area while the recognition of the quality of the Italian debt, with the promotion of S&P that raised the rating from BBB to BBB+ and Moody’s which last Friday brought the judgment on the prospects (Outlook) from stable to positive, They create the premises for a reduction in the returns of the next emissions with a consequent capital gain for the titles already issued.

On Friday the definitive fixed coupon

To return to the Bond in subscription, the final coupon will be established on the morning of Friday 30 May, at the opening of the fourth day of issue, and can be confirmed or revised upwards based on market conditions. The title, with enjoyment of 4 June 2025 and deadline 4 June 2032, will pay coupons paid every 6 months together with the revaluation of the capital due to the inflation of the same semester. The issue takes place on the MOT (the electronic market of the Bonda Italian Borsa State and Titles) through Intesa Sanpaolo, Unicredit and Banco Bpm – Dealer of the operation – and Banca Monte dei Paschi di Siena and Banca Sella – Codealer of the operation.

Where to sign the BTP Italia

It is possible to sign the BTP Italia at bank branches, post offices and through home banking if enabled for trading functions. The closure of the orders collection, for private individuals, will be Thursday 29 May (unless earlier closure).

How do you buy BTP Italia online?
First you need to access your home banking and make sure it is enabled for the online trading function. Otherwise it is necessary to activate this function by following the indications that come from your bank.
– At this point (if there is the qualification) it is necessary to search for BTP Italia in the section dedicated to government bonds. The ISIN code of the title is IT0005648248.
– For the subscription you must follow the instructions of your home banking indicating the amount and, precisely the type of BTP desired. For BTP Italia, orders can only be inserted with the type of order « best ». The time slot for subscription is Generally from 9.00 to 17 and 30.
– In the final phase, all the previous passages must be carefully reviewed, the correctness of the data entered and therefore confirm the purchase. It may be necessary to have signed the contract for the provision of investment services, the so -called Mifid questionnaire.