Sul Future Btp 2020 new clarifications arrive from the Mef. In a note published on the Treasury website we read that the series of guaranteed minimum coupon rates of the first issue is as follows:
- Present in several = 1,15% from first to fourth year;
- Present in several = 1,30% from the fifth to the seventh year;
- Present in several = 1,45% eighth to tenth grade.
The definitive coupon rates, explains the Ministry of the Economy, “will be announced at the close of the placement, and cannot in any case be lower than the minimum guaranteed coupon rates. Furthermore, the coupon rate for the first 4 years will remain unchanged, while based on market conditions, only rates subsequent to the first may be revised upwards”.
The Btp Futura 2020 pays six-monthly nominal coupons calculated on the basis of pre-established and increasing rates over time. There is also a loyalty bonus for anyone who buys the security when it is issued and keeps it for 10 years, i.e. until maturity: the bonus is equal to 1% of the investment, but may increase up to a maximum of 3%, depending on depending on the annual GDP growth rate.
BTP FUTURA 2020: DATES AND PURPOSE OF THE PLACEMENT
The placement will begin on Monday 6 and will end on Friday 10 July, unless the issue is closed early (which in any case cannot take place before Wednesday 8 July, so savers are sure they can buy all the bonds they want for at least three days).
The Mef also recalls that the proceeds of the Btp Futura 2020 will be entirely destined "to finance the various post-Covid-19 measures for income support and job protection, the strengthening of the national health system and support for families and businesses Italian".
As for the placement methods, the Treasury explains that the new bond will be sold "through Borsa Italiana's MOT electronic platform through two dealer banks: Banca IMI SpA and Unicredit SpA The placement does not provide for any distributions, nor will any cap be applied maximum ensuring the complete satisfaction of the orders”.
For more information on the Btp Futura 2020 read the guide in 5 points by FIRSTonline.
