Business · Markets · 5 hrs ago
Two Italian retail bonds pass €8 billion in combined orders
Italy is selling two government bonds reserved for individual savers from 19 to 23 October, unless the sale closes early.
By the afternoon of 20 October, orders for the pair had passed €8 billion combined.
One bond pays interest every three months, with annual rates rising from 3.70% to 4.70% over five years.
The other pays a guaranteed 22.25% return at the end of five years, together with the original investment.
These figures are minimum rates and may be raised when the sale ends, but not lowered.
The bonds are being sold at a minimum purchase of €1,000, and investors can sell them before maturity at market prices.
The sale is scheduled to end at 1 p.m.
on 23 October, and final rates may be adjusted upward based on market conditions that day.
The combined orders for Italy’s two BTP Valore retail bonds passed €8 billion on 20 October.
The bonds are being offered together for the first time, exclusively to retail investors.
By the afternoon of 20 October, orders stood at €2.694 billion for BTP Valore and €1.017 billion for BTP Valore Insieme.
On the first day, the two bonds had attracted more than €4.59 billion in total.
The offer runs from 19 to 23 October 2026, unless it closes early.
- Who
- Italian retail investors placed orders for the bonds. The Italian Treasury is issuing them.
- What
- Combined orders for two BTP Valore bonds passed €8 billion.
- When
- By the afternoon of 20 October 2026. The offer runs from 19 to 23 October, unless it closes early.
- Where
- Italy. The bonds are offered through banks, post offices and eligible online trading services.
- Why
- The bonds are a government investment offer reserved exclusively for retail investors.
This story does not have two clearly opposing sides.
The first day of the offer brought in more than €4.59 billion across the two bonds.
Combined orders passed €8 billion, with €2.694 billion for BTP Valore and €1.017 billion for BTP Valore Insieme reported that afternoon.
The scheduled offer period is due to end at 13:00, unless it closes early.
- Combined orders
- More than €8 billion
- BTP Valore orders
- €2.694 billion on 20 October
- BTP Valore Insieme orders
- €1.017 billion on 20 October
- First-day total
- More than €4.59 billion
- Offer period
- 19–23 October 2026, until 13:00 on the final day unless it closes early
10 sources
BTP Valore, varcata quota 8 miliardi per il doppio collocamento retail
Btp Valore raccoglie 3,4 miliardi, Insieme 1 miliardi il primo giorno
Al via la nuova emissione di BTP Valore e Btp Valore Insieme
BTP Valore, il nuovo titolo rende meno di tre vecchie emissioni. Quali scegliere?