Italy Treasury raises rates for Btp Valore bond issuance

The Italian Ministry of Economy and Finance has concluded its double issuance of Btp Valore bonds, raising the final interest rates for both available formats. The total amount raised from retail investors reached approximately 16.62 billion euros across 560,029 contracts.

The traditional Btp Valore, which offers quarterly coupons, collected 12.071 billion euros. The new Btp Valore Insieme format, which pays a single lump sum at maturity, raised 4.551 billion euros. Both five-year bonds are set to mature on October 27, 2031.

Following the subscription period, the Treasury revised the definitive rates upward. For the traditional bond, the rate increases to 4.75% in the fifth year. For the Insieme version, the single payment at maturity has been adjusted to 22.70%.