Subscriptions begin for Btp Valore, the Treasury’s new multi-year bond. As of today, Monday, June 5th, and until Friday, June 9th (except early closing), the first issue of government bonds of the new family will begin, reserved for small savers, those of the so-called market retailer (thus excluding groups, banks, funds). Savers will be able to subscribe to it at the bank, at the post office, wherever they have a securities account, but also online through their own home-banking.
Btp Valore has a duration of 4 years – explains the Mef, Ministry of Economy and Finance – fixed returns that increase over time (the so-called step-up mechanism) and a final extra loyalty bonus equal to 0.5% calculated on the capital invested and paid to those who hold it until maturity in 2027.
The coupons are semi-annual and will be calculated based on the minimum guaranteed rates communicated on 1 June: 3.25% for the 1st and 2nd year; 4.00% for the 3rd and 4th year. At the end of allotment, the final coupon rates will be released and may be confirmed or revised, but only upwards, based on market conditions on the closing day of the issuance. The ISIN code, to identify the title during the internship period, is IT0005547390.
“The placement does not provide for distributions, commissions or investment limits, which can start from a minimum of 1,000 euros. Savers will always be guaranteed total satisfaction of their orders, without prejudice to the Ministry’s right to close the issue in advance”, they explain. the Mef. The placement “will take place on the MOT electronic platform (the electronic market for government securities and bonds of Borsa Italiana) through the following dealer banks: Intesa Sanpaolo SpA and Unicredit SpA, but the Security is available throughout the banking and postal network , wherever you have a securities account. In addition, BTP Valore can also be subscribed directly online, through homebanking itself if enabled for the online trading function, without having to go to the branch or post office There are no limits or limits to the problem. Full details of the problem are published in the Safety Data Sheet.
Source: IL Tempo
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
