The Ministry of Economy and Finance (MEF) announced the launch of the BTP Valore, a new type of government bonds thought exclusively for savers individual and similar (only for the retail market). There first issue is provided in June from Monday 5 to Friday 9 (until 13), unless closed early.
Btp Valore: the characteristics of the security
The first Btp value will have a duration of four years. There will be a loyalty bonus for savers who will hold it until maturity. The coupons they will be periodic and calculated on the basis of pre-established rates that increase over time. There rate communication will take place on June XNUMXst together with the ISIN code that identifies the security. There are no commissions for subscription.
Btp Valore can only be purchased by small retail savers starting from one minimum investment of 1.000 euros. There are no caps or distributions on the issuance, it will always be possible to be sure of seeing the requested amount subscribed. To purchase, simply contact your contact person at the bank or post office where you have a securities account or through your home banking, if enabled for online trading functions.
Btp Valore: facilitated taxation on the yield
As with other government bonds, yes also for the Btp Valore apply a preferential taxation on the return equal to 12,5% and thetax exemption of succession, on coupons and loyalty bonuses. It is always possible for subscribers to sell all or part of the security before maturity.
The placement will take place on the MOT platform (the electronic market for bonds and government securities of Borsa Italiana) through two dealer banks: Intesa Sanpaolo and Unicredit.
The official communications on the new BTP Valore, the FAQ, the information sheet and the Technical note for operators will be made available on MEF website and on Treasury Department website in the Public Debt section
