The Ministry of Economy and Finance communicated i guaranteed minimum rates for the second issue of the BTp Valore, which will be launched next Monday 2 October. Subscription will remain open until Friday 6 October. For the first three years the minimum guaranteed rate will be 4,10% while for the two remaining years, the fourth and fifth, it will rise to 4,5%.
Btp Valore: the press release from the Ministry of Economy
The Ministry of Economy, in the press release released late in the morning, recalls that they will be announced at the end of the placement the definitive coupon rates which may be confirmed or revised, but only upwards, based on market conditions on the closing day of the issue.
The ministry emphasizes that the BTp Value is reserved exclusively for small savers and provides, for the first time, nominal coupons paid quarterly and a maturity of 5 years with an extra final loyalty premium equal to 0,5% of the invested capital. The issue will be placed on the Mot platform of the Italian Stock Exchange at par, without constraints or commissions. There is the usual preferential taxation for government bonds (12,5%) and exemption from inheritance taxes on coupons and loyalty bonuses.
ALSO READ: Btp Valore October 2023: risks and advantages of the Treasury's offer to ride out a turbulent season
