To help savers defend themselves againstinflation, the Ministry of Economy launches a new issue of BTP Italy, the government bond indexed precisely to the national inflation rate and designed for individual investors. The placement, he explains the Treasury in a note, It will take place from Monday 20 to Thursday 23 June and the features of the title will be “mostly the same as previous issues”.
Btp Italia: the loyalty bonus doubles
The most important novelty concerns the fact that for the first time it will be foreseen, "for the retail saver who buys on the issue days, a double loyalty bonus – continues the note from the Treasury – one that will be paid during the life of the title it's one at the final deadline for those who have held it continuously".
Placement in two phases
The placement on the market will, as always, take place in two phases:
- the first will take place from Monday 20 to Wednesday 22 June, unless closed early, and will be reserved for individual savers (retail market);
- the second will take place on 23nd June and will be reserved only for institutional investors.
Maturity and yield
The duration of the security will be announced in the next few days, but the Treasury informs that it will be included "between six and 10 years".
I guaranteed minimum rates will be communicated on Friday 17 June.
How to subscribe to Btp Italia
Retail savers will be able to subscribe to Btp Italia "at the bank, at the post offices or using online purchasing channels, through your own home banking if enabled for trading functions”, continues the Ministry of Economy.
The placement will take place on the Mot electronic platform (the electronic market for bonds and government securities of Borsa Italiana) through Intesa Sanpaolo and Unicredit.
Communications, Faq, information sheet and technical note
The official communications on the Btp Italia, the FAQs, the information sheet and the technical note for operators will be published on the MEF website and on Treasury Department website in the Public Debt section. It will also be possible to request help and information directly from the ministry offices via email at btpitalia@mef.gov.it.
