Medium/Long Term BTP Auction May 30, 2023: Release Characteristics

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

Without getting lost in the conversations, let’s go right away to see everything related to the aforementioned BTP auction In particular, Subscription calendar And eat characteristics regarding individual government bonds issued.

BTP Medium Term Auction May 30, 2023: Calendar and Characteristics of Individual Government Bonds Issued

The Ministry of Economy and Finance informedIssuing medium-term government bondswith auction Which will respect the terms arranged by the following calendar. In particular, here it is Calendar for subscriptions:

• by May 29, 2023 The public can make reservations;
• by May 30, 2023 At 11:00 it will be possible to place orders at the auction;
• by May 31, 2023 At 15:30 it will be possible to place orders in the supplementary auction;
• by June 1, 2023 There will be subscription rules.

regarding Characteristics of individual government bonds In the mid-term BTP auction that will be held on May 30, 2023, investors will be able to purchase four different types of securities, namely 5-year BTPs, 10-year BTPs and 7-year CCTeu.

Specifically, that’s what they are characteristics relating to long-term treasury bills (BTP) with a fixed maturity of 5 years From the time of release and the ISIN to be set:

• remaining life – in case;
• slide – the first;
• 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;
• placement livelihood – 0.150%;
• the tax rate for the acquisition of the security at the supplementary auction – 30%;
• Tax for obtaining collateral at an additional auction (in millions of euros) – 1,500,000.

Instead, here’s what they are characteristics relating to long-term treasury bills (BTP) with a fixed maturity of 10 years From the time of release and with ISIN Code IT0005544082:

• remaining life – in case;
• slide – the third;
• Issue – May 2, 2023;
• Deadline – November 1, 2033;
• annual coupon – 4.35%;
• Coupon payment date – November 1, 2023;
• Minimum amount offered (in millions of euros) – 2000;
• Maximum amount offered (in millions of euros) – 2,500;
• diet days – 30;
• placement livelihood – 0.200%;
• the tax rate for the acquisition of the security at the supplementary auction – 20%;
• Tax for obtaining the collateral at the supplementary auction (in millions of euros) – 500,000.

That’s what they are characteristics relating to long-term treasury bills (BTP) with a fixed maturity of 10 years From the time of release and with ISIN Code IT0005518128:

• remaining life – 10 years;
• slide – eleventh;
• 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) – 2000;
• diet days – 31;
• placement livelihood – 0.200%;
• the tax rate for the acquisition of the security at the supplementary auction – 20%;
• Tax for obtaining the collateral at the supplementary auction (in millions of euros) – 400,000.

Finally, here’s what they are characteristics relating to treasury certificates indexed to Euribor (CCTeu) with a fixed maturity of 7 years From the time of release and with ISIN Code IT0005534984:

• remaining life – in case;
• slide – fifth;
• Issue – October 15, 2022;
• Deadline – October 15, 2028;
• annual rate – 4.29%;
• Spread – 0.8%
• Coupon rate six months – 2.181%;
• Coupon payment date – October 15, 2023;
• minimum amount offered (in millions of euros) – 1000;
• Maximum amount offered (in millions of euros) – 1,500;
• diet days – 47;
• placement livelihood – 0.15%;
• the tax rate for the acquisition of the security at the supplementary auction – 15%;
• Tax for obtaining the security at the supplementary auction (in millions of euros) – 225,000.

Also read BTP inflation-rated for 15 years: details of the new release