Italy Bonds, BTPi 1.65% 23apr2020, EUR (IT0005012783)

Download

Copy issue information to clipboard

Copy to clipboard

Data copied to the clipboard

PDF download

Choose all Reset all

Download Cancel

Domestic bonds, Inflation-linked principal, Senior Unsecured

Issue | Issuer

Issuer

JCRA

- | ***

***
Scope

*** | ***

***

Status

Matured

Amount

16,764,569,000 EUR

Placement

***

Redemption (put/call option)

*** (-)

ACI on

Country of risk

Italy

Current coupon

Price

Yield / Duration

Calculate in two clicks! yield, duration and other parameters

Calculator What is a calculator?

Placement amount

20,564,569,000 EUR
Outstanding amount

16,764,569,000 EUR
Face value

1,000 EUR
ISIN

IT0005012783
CFI

DBVUFB
FIGI

BBG0066J66X2
Ticker

BTPS 1.65 04/23/20 ICPI

explore the most comprehensive database

900 000

bonds globally

Over 400

pricing sources

80 000

stocks

116 000

ETF & Funds

track your portfolio in the most efficient way

Bond Search
Watchlist
Excel ADD-IN

Get access

— Are you looking for the complete & verified bond data?

— We have everything you need:

full data on over 900 000 bonds, 80 000 stocks, 116 000 ETF & Funds; powerful bond screener; over 350 pricing sources among stock exchanges & OTC market; ratings & financial reports; user-friendly interface; available anywhere via Website, Excel Add-in and Mobile app.

Why

You will have detailed descriptive & pricing data for 650K bonds, 76K stocks, 8K ETFs

Get full access to the platform from any device & via Cbonds app

Enhance your portfolio management with Cbonds Excel Add-in

Build yield maps, make chart comparison within a click

Don't wait any longer — start using Cbonds today! Register

Trading chart

Stock exchange selection

More about Cbonds Estimation

Bond is not traded; the issue is redeemed

Data display in a chart | table

Work with the chart: switching the price, period, issue comparison

Customize fields in the table

Found:

Show all fields

from

ADD-IN
Cbonds add-in API
bond data api

Authorization required

You need to request access

* Data is not available within the selected subscription

Issue information Italy government bonds (BTPi)

Profile

The Italian Bond Market is represented by government, municipal and Italian corporate bonds.

The issue and management of Italian national debt are a task of the Treasury department, which is subordinated to the Ministry of Economy and Finance (MEF). Within the organizational structure of the Treasury, Directorate II issues government bonds, conducts the management of current debt and interacts with market participants.

Government debt in Italy consists of government bonds of the following types:
BOT (Treasury Bills) - short-term Italian bonds with a maturity period of 3, 6, 12 months, issued at a discount par value.
CTZ (Zero Coupon Treasury bonds) - treasury bonds with a zero coupon and a maturity of 24 months, issued at a discount par value. Since 2021, this type of bond has been replaced by BTP Short Term (depending on the issue they can have coupons or be zero-coupon bonds; maturity: from 18 to 30 months) and it is no longer issued by the Ministry of Economy and Finance.
CCT/CCTeu (Treasury Certificates) - treasury bonds with a floating interest rate and a maturity of 5-7 years. The coupon rate is linked to the 6-month BOT auction rate or the 6-month EURIBOR rate.
BTP (Treasury Bonds / BTP Italian bonds) - classic coupon bonds, Italian treasury bonds with a maturity of 3, 5, 7, 10, 15, 20, 30 and 50 years. The main benchmark of the market is the Italy 10 Years Government Bond yield (BTP 10-years).
BTP Green - new sustainable finance government bonds designed to support, through their proceeds, public expenditures with positive environmental impact, and to contribute at the same time to the country's ecological transition.
BTPI (Treasury Bonds Indexed to European Inflation) long-term treasury bonds linked to the Eurostat Harmonized Index of Consumer Prices (HICP).
BTP Italia (Treasury Bonds Indexed to Italian Inflation) - Italian treasury bonds tied to inflation in Italy and created specifically for retail investors. Both coupon payment and nominal payment are tied to the "FOI national index", "Prezzi al consumo per le Famiglie di Operai e Impiegati".
BTP Futura - government securities reserved exclusively to individual savers and other similarly classified investors (the so-called retail market). They are called "Futura" (Future) because they are designed to protect savings and at the same time to support the "future of the country", with particular reference to overcoming the healthcare and economic crisis caused by COVID-19.
BTP Valore - a new family of government bonds dedicated exclusively to individual investors and other similarly-classified persons (i.e. retail market). This type of bonds has coupons which are calculated according to an increasing coupon rate progression (the so-called step-up mechanism), with an additional "loyalty bonus" (premio fedelta) for those who will hold the bonds until maturity.

Italian government bonds are usually placed as follows: via public auction, via a syndicate of investment banks, and via electronic trading platforms. The Treasury usually places government bonds through Italy bond auctions with only occasional initial offerings via syndications. With the introduction of the BTP Italia type, the Treasury also began to conduct placements via the Italian exchange platform.

Concerning the placement of Italian sovereign debt, there are two different types of auction: a "competitive yield auction" and a "marginal price auction". BOTs are placed via a competitive yield auction, while long-term bonds are placed via a marginal price auction. Every year the Treasury publishes the auction calendar of bonds placement for the following year.

Show more Hide

Research report by Cbonds-PRAAMS

Save

Authorization required

Report download is available only paid Premium subscription access

Issuer

Go to the issuer page
Italy
Full borrower / issuer name

Italy
Sector

Sovereign

Volume

Placement amount

20,564,569,000 EUR
Outstanding amount

16,764,569,000 EUR

Face value

Face value

1,000 EUR
Outstanding face value

*** EUR

Listing

Listing

***

Cash flow parameters

Indexation

Inflation Linked (FOI Index (excl.tobacco))

Reference rate

***

Coupon Rate

***

Day count convention

***

Business Day Convention

Following Business Day

Interest Accrual Date

***
Coupon frequency

*** time(s) per year
Payment currency

***
Maturity date

***

Cash flow

Export to Excel

Early redemption terms

***

Auctions and additional placements

explore the most comprehensive database

900 000

bonds globally

Over 400

pricing sources

80 000

stocks

116 000

ETF & Funds

track your portfolio in the most efficient way

Bond Search
Watchlist
Excel ADD-IN

Get access

— Are you looking for the complete & verified bond data?

— We have everything you need:

Why

You will have detailed descriptive & pricing data for 650K bonds, 76K stocks, 8K ETFs

Get full access to the platform from any device & via Cbonds app

Enhance your portfolio management with Cbonds Excel Add-in

Build yield maps, make chart comparison within a click

Don't wait any longer — start using Cbonds today! Register

Placement

Placement method

Open subscription
Placement type

Public
Placement

*** - ***
Initial issue amount

*** EUR
Initial issue price (yield)
Geographic breakdown

***
Investor breakdown

***

Participants

Bookrunner

***, ***
Depository

***

Conversion and exchange

Conversion terms

***

Latest issues

Show all

Similar issues

News

26/05/2025	Moody's Investors Service revised outlook on Italy to positive and affirmed at "Baa3" (LT- local currency) credit rating
26/05/2025	Moody's Investors Service revised outlook on Italy to positive and affirmed at "Baa3" (LT- foreign currency) credit rating
24/05/2025	Moody's Ratings changes Italy's outlook to positive; affirms Baa3 ratings (Rating action commentary)
28/04/2025	New issue: Italy issued bonds (IT0005648149) with the coupon rate of 3.6% in the amount of EUR 4000 mln maturing in 2035
17/04/2025	New issue: Italy issued bonds (IT0005647265) with the coupon rate of 3.25% in the amount of EUR 8000 mln maturing in 2032

All organization news

Related entities on 08/11/2021

Have shares in the company

In which the company has interests

Identifiers

ISIN

IT0005012783
Cbonds ID

74197
CUSIP

***
CUSIP 144A

***
CFI

DBVUFB
FIGI

BBG0066J66X2
WKN

A1ZHGB
Ticker

BTPS 1.65 04/23/20 ICPI
Type of security by CBR

***

Ratings

Bond classification

Senior Unsecured
Coupon bonds
Bearer
BTPi
Inflation-linked principal
Non-complex financial instruments (MiFID)
Redemption Linked
Amortization
Callable
CDO
Convertible
Dual currency bonds
Variable rate
For qualified investors (CIS region)
Foreign bonds
Green bonds
Guaranteed
Supranational bond issues
Inflation-linked coupon
Mortgage bonds
Perpetual
Payment-in-kind
Non-Marketable Securities
Restructuring
Retail bonds
Covered
Securitization
Structured product
Commercial Bonds
Subordinated
Sukuk
Trace-eligible

Show more Hide

Restructuring

***