The Ministry of Economy returns to court small savers with a new issue of Btp Italia, the government bond indexed to national inflation. The appointment is set from Tuesday 27th to Friday 30th May 2025, with the possibility for small investors to join before institutional investors.
Btp Italia 2025: duration, premium and advantages
The new BTP Italia will have a duration of seven years, with expiring on 4 June 2032, and will offer a 1% loyalty bonus to those who purchase it during the issue and keep it until maturity.
As usual, the issue will be divided into two phases:
- From 27 to 29 May (except for early closure) the subscription will be reserved for the retail public (individual savers and similar);
- On May 30th, space for institutional investors.
Il return minimum guaranteed will be communicated Monday May 26, on the eve of the opening of the issue. This bond will also enjoy the 12,5% tax relief, of the exemption from inheritance tax and, as provided for by the 2024 budget law, will not be counted in the calculation of theISEE up to 50 thousand euros invested in government bonds.
How to subscribe to Btp Italia?
Savers will be able to purchase the BTP Italia through home banking enabled for online trading functions, or by contacting your Bank or atpost office where you have a securities account. The placement will take place on the MOT (Electronic Bond Market of the Italian Stock Exchange) through three dealer banks: Intesa Sanpaolo, Unicredit and Banco Bpm.
After the success of Btp Valore, the Treasury is still focusing on retail
The initiative comes shortly after the February success of BTPs More, another issue designed for the retail public that raised 14,9 billion euros. With a duration of eight years, that bond offered quarterly “step-up” coupons with increasing rates (2,85% in the first four years, 3,7% in the following ones), in the wake of the format introduced with the Btp Valore.
