Securities worth 2.5 billion euros were placed. The requests amounted to approximately 3.61 billion euros
On Tuesday 23 April 2024 the Ministry of Economy and Finance placed the fifth tranche of Short term BTPs expiring January 28, 2026 which pays a gross annual coupon of 3.2%.
Of the obligation in question securities were placed for an amount of 2.5 billion eurosat the maximum range – between 2 and 2.5 billion euros – which had been foreseen by the MEF. The requests amounted to approximately 3.61 billion euroswith a coverage ratio (between securities requested and securities issued) of 1.44.
Based on a hammer price of 99.67 the overall gross yield of this bond was set at 3.42%. According to Assiom Forex calculations the net yield of the BTP in question is equal to 2.898%.
In the placement of March 22, 2024 the short term BTP January 2026 achieved a yield of 3.31%; on that occasion the MEF placed securities for 2.75 billion euros, obtaining requests for approximately 4.01 billion euros, with a coverage ratio of 1.46.
I am in the BTP in question circulation of securities for an amount of 10.45 billion euros,
The settlement of the January 2026 short term BTP is scheduled for April 26, 2024.
