“BTP Auction on May 30, 2023: Subscription Calendar and Characteristics of Government Bonds Issued”

BTP auction: with the publication of the press release no. 85 of 25 May 2023 by the Ministry of Economy and Finance (MEF), theissue of medium/long-term government bonds for Tuesday 30 May 2023.

Without getting too lost in chatter, therefore, let’s go immediately to see everything related to the aforementioned BTP auction and, in particular, the subscription operations calendar and all characteristics concerning the individual government bonds issued.

Medium-long term BTP auction on 30 May 2023: the calendar and characteristics of the individual government bonds issued

The Ministry of Economy and Finance communicated theissue of medium-long term government bondscon this one which will respect the terms that have been arranged by the following calendar. In particular, here is the calendar for subscription operations:

• by 29 maggio 2023 reservations can be made by the public;
• by 30 maggio 2023 at 11:00 it will be possible to present the applications in the auction;
• by 31 maggio 2023 at 15:30 it will be possible to submit applications in the supplementary auction;
• by June 1, 2023 there will be subscription rules.

As regards the characteristics of individual government bonds that have been issued, at the medium-long term BTP auction to be held on 30 May 2023, investors will be able to purchase four different types of securities, namely 5-year BTPs, 10-year BTPs and 7-year CCTeu.

Specifically, here’s what they are characteristics relating to long-term Treasury bills (BTP) with a maturity set at 5 years from the time of issue and with ISIN code to be assigned:

• Residual life – in issue;
• Tranche – 1°;
• Issue – June 1, 2023;
• Deadline – August 1, 2028;
• Annual coupon – 3.80%;
• Coupon Payment Date – August 1, 2023;
• Minimum amount offered (in millions of euros) – 4,500;
• Maximum amount offered (in millions of euros) – 5,000;
• Diet days – 0;
• provision placement – ​​0.150%;
• Tax percentage for the acquisition of the security in the Supplementary Auction – 30%;
• Tax for the acquisition of the security in an additional auction (in millions of euros) – 1,500,000.

Instead, here are what they are characteristics relating to long-term Treasury bills (BTP) with a maturity set at 10 years from the time of issue and with codice ISIN IT0005544082:

• Residual life – in issue;
• Tranche – 3°;
• Issue – May 2, 2023;
• Deadline – 1 November 2033;
• Annual coupon – 4.35%;
• Coupon payment date – November 1, 2023;
• Minimum amount offered (in millions of euros) – 2,000;
• Maximum amount offered (in millions of euros) – 2,500;
• Dietary days – 30;
• provision placement – ​​0.200%;
• Tax percentage for the acquisition of the security in the Supplementary Auction – 20%;
• Tax for the acquisition of the security in the supplementary auction (in millions of euros) – 500,000.

Here’s what they are characteristics relating to long-term Treasury bills (BTP) with a maturity set at 10 years from the time of issue and with codice ISIN IT0005518128:

• Residual life – 10 years;
• Tranche – 11°;
• Issue – November 1, 2022;
• Deadline – May 1, 2033;
• Annual coupon – 4.40%;
• Coupon payment date – November 1, 2023;
• Minimum amount offered (in millions of euros) – 1,500;
• Maximum amount offered (in millions of euros) – 2,000;
• Dietary days – 31;
• provision placement – ​​0.200%;
• Tax percentage for the acquisition of the security in the Supplementary Auction – 20%;
• Tax for the acquisition of the security in the supplementary auction (in millions of euros) – 400,000.

Finally, here are what they are characteristics relating to Treasury Certificates indexed to the Euribor (CCTeu) with a maturity set at 7 years from the time of issue and with codice ISIN IT0005534984:

• Residual life – in issue;
• Tranche – 5°;
• Issue – October 15, 2022;
• Deadline – 15 October 2028;
• Annualized rate – 4.29%;
• Spread – 0,8%
• Six-monthly coupon rate – 2.181%;
• Coupon payment date – 15 October 2023;
• Minimum amount offered (in millions of euros) – 1,000;
• Maximum amount offered (in millions of euros) – 1,500;
• Dietary days – 47;
• provision placement – ​​0.15%;
• Tax percentage for the acquisition of the security in the Supplementary Auction – 15%;
• Tax for the acquisition of the security in the supplementary auction (in millions of euros) – 225,000.

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