The Ministry of Economy and Finance (MEF) has officially published the information sheet referring to the second issue of the multi-year Treasury bill. Let’s see, with the help of Stock Exchange Projection Experts, what you need to know before buying BTP Futura. The State has issued this bond to raise cash in order to finance the measures implemented for the health emergency. In fact, the government with various decrees has provided for measures to support families and businesses, work, to strengthen the national health system. Italy is running serious risks for its social stability.
The coronavirus pandemic has had a backfire of vast proportions and there is the risk of not being able to hold up. It is good to clarify that this state title is going to put a patch on measures already decided. For the future then we’ll see. To return to the forthcoming BTP Futura, the stock will be on the streets from Monday 9 November until mid-day on Friday 13 November 2020. The retail saver can buy i BTP Futura.
Is BTP Futura worth it?
The government bond has a maturity of 8 years. A loyalty bonus of 1% of the invested capital was introduced to incentivize the purchase. In addition, the investor can also earn up to 3%. The BTP Futura provides nominal coupons every 6 months calculated on the basis of pre-established rates that increase over time. The coupons, for the first three years, will have a fixed coupon rate. It subsequently increases for the following three years and then at the expiry of the further two years of life.
Investors now await the date of 6 November, when the series of guaranteed minimum coupon rates will be known. The Ministry, on the other hand, will communicate the definitive coupon rates at the end of the placement. No surprise because the rates cannot be lower than those communicated at the start. Intesa Sanpaolo SpA and Unicredit SpA have the role of bank dealers.
The next deadline
The next step of the Ministry is the publication on the website of the Public Debt, of the Technical Note for intermediaries. In this article we have written what you need to know before a BTP Futura purchase.
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