Arrives the third issue of the BTP Valore which inaugurates the 2024 Treasury season aimed at the retail market. After the flood of orders that arrived in the previous issues of June and October, which raised a total of 35,38 billion euros, the new placement, scheduled from February 26th, will bring with it some new features. The most important? The duration of BTPs guaranteed by the State, dedicated exclusively to small savers and similar, will rise to six years.
Btp Value: the dates of the new issue
The new BTP value will be on offer from Monday 26 February to Friday 1 March. Closing time is set for 13pm, unless early closing.
Btp value: the duration
The title, as mentioned, will have a duration of six years. There were five in the second issue, four in the first. What is the "elongation" due to? At the decline in interest rates recorded over the last few weeks. By extending the duration to 6 years, the Treasury will therefore be able to continue to maintain attractive returns, but not excessively onerous for the state coffers.
Btp value: the coupons, the "step up" mechanism and the extra loyalty bonus
Based on how much established by the Ministry of Economy, the coupons of the new BTP Valore will be paid every three months, with pre-established and increasing returns over time based on a 3+3 year "step up" mechanism. As happened in June and October, the calendar will be divided in two, with the rate rising starting from the fourth year.
Also expected an extra final loyalty bonus equal to 0,7 percent for those who purchase the security during the placement days and hold it until maturity. THE guaranteed minimum rates in the first three years and in the following three years, together with ISIN code which identifies the title, will be communicated on Friday 23 February.
Btp value: who can buy it and how?
As for previous issues, the BTP Valore can be purchased exclusively by small savers through your own home banking, if enabled for online trading functions, or by contacting your contact person at the bank or post office where you have a current account with the securities deposit account.
The investment can start from a minimum of 1.000 euros, always having the certainty of seeing the requested amount subscribed. The government bond can be purchased at par (price equal to 100) and without commissions during the placement days.
The taxes to be paid on the BTP Valore
The usual applies to BTP Valore preferential taxation for government bonds equal to 12,5% and exemption from inheritance taxes. Subscribers, as always, will be able to assign the title in whole or in part before purchasing, of its expiry, without constraints and at market conditions. The subscribed capital is guaranteed upon maturity. The placement will take place on the MOT platform through two dealer banks: Intesa Sanpaolo. and Unicredit.
