The Btp Italia are back. This was announced by the Ministry of Economy and Finance which communicates, through a note, that the next issue will take place from Monday 15 to Thursday 18 October inclusive.
Similarly to the previous issues (the last between 4 and 7 June last) the placement of the Btp Italia will take place on the Mot electric platform of Borsa Italiana – London Stock Exchange Group. Over the 4 days it will be possible to purchase the bonds at the bank or at the post office where a securities account is held, for a minimum denomination of one thousand euros and unlimited purchases. The subscription, as long as the trading function is active, can also take place online, through the home banking system.
The Btp Italia, which has a four-year term, is the first government bond indexed to Italian inflation, especially designed for retail savers. Its peculiarity, in fact, is to protect the investor from price increases, with semi-annual coupons which must be subject to a guaranteed minimum annual real rate connected to the Istat index of consumer prices for families of workers and employees.
The Ministry of the Economy will make this fixed rate of minimum guaranteed return known to the public close to the placement days, while the definitive coupon rate, which in no case may be lower than the guaranteed minimum, will be fixed at the end of the issue.
