A new issue of BTP Valore is underway, the family of government bonds dedicated exclusively to small savers which will take place from Monday 26 February to Friday 1 March (until 1pm), unless early closure.
II BTP Value is the reserved government bond family exclusively to individual savers and similar (retail), easy to subscribe to, without constraints or commissions, with increasing periodic coupons and a final extra loyalty bonus reserved for those who have purchased the security at issue and held it until maturity.
The characteristics of the new issue
Savers will also be paid for this issue of the BTP Valore coupons every three months, calculated on the basis of pre-established and increasing rates over time (i.e. on the basis of the so-called 3+3 year step-up mechanism). Friday February 23 the minimum guaranteed rates will be communicated together with the ISIN code that identifies the security.
The security will have a duration of 6 years and investors will receive an extra final loyalty bonus of 0.7% reserved for those who purchase it during the placement days and hold it until maturity.
The minimum denomination that can be purchased for each order is 1,000 euros, always having the certainty of having the requested amount subscribed. The government bond can be purchased at par (price equal to 100) and without commissions during the placement days.
For the BTP Valore, as for all government bonds, the preferential taxation is 12.5%. It is not subject to inheritance tax and there is no bank commission payable by investors who purchase it upon issue. Subscribers, as always, will be able to sell all or part of the security before its maturity, without constraints and at market conditions. The subscribed capital is guaranteed upon maturity.
How to subscribe to the BTP Valore
The BTP Valore can be purchased exclusively by small savers through their home banking, if enabled for online trading functions, or by contacting their contact person at the bank or post office where they have a current account and securities deposit account.
The placement will take place on the MOT platform (the electronic market for bonds and government securities of the Italian Stock Exchange) through two dealer banks: Intesa San Paolo SpA and Unicredit SpA
Further information can be requested via email by writing to: btpvalore@mef.gov.it
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2024-02-09 18:40:10
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