BTP Valore issue closes at over 18 bn

(ANSA) - ROME, JUN 9 - Italy's new BTP Valore Treasury bond exclusively for small Italian investors totalled over 18 billion euros of subscriptions at the close of issue Friday.
    The bond closed its fifth and day of issue with 1.12 billion euros' of subscriptions and 44,548 contracts signed.
    The four-year Btp Valore has a yield of 3.25% in the first two years and of 4% in the third and fourth and a 0.5% loyalty premium for those holding it to maturity. (ANSA).