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The Ministry of Economy announces a new double issue of the BTP Valore from Monday 19th to Friday 23rd October (until 1pm), unless early closure. For the first time, underlines the Mef, two different BTP Values will be offered simultaneously which can be purchased either alternatively or jointly. The first is the Btp Valore with a duration of 5 years and coupons paid every three months increasing over time, according to a profile that will be announced before the issue. The second is the Btp Valore Insieme, again with a duration of 5 years, but with a single coupon paid to the saver on the maturity date of the bond.
Minimum rates on October 16th
The minimum guaranteed coupon rates relating to the two securities placed in this new issue, as well as the ISINs which will identify the two distinct BTP Valore, will be communicated on Friday 16 October. At the end of the placement, specifies the Mef, the minimum rates communicated may be confirmed or revised upwards, if market conditions so require. The two Valore BTPs, although different in terms of the frequency of coupon payments, will offer equivalent returns from a financial point of view upon issue.
How to buy them
As with previous issues, both securities can be purchased exclusively by small savers through their home banking, if enabled for online trading functions, or by contacting their contact person at the bank or at the post office where they have a current account with the securities deposit account.
The investment can start, for each of the securities issued, from a minimum of 1,000 euros, always having the certainty of seeing the requested amount subscribed. The securities will be placed at par and without commissions during the placement days, without prejudice to the costs of managing the securities account or online trading required and due to your bank where present. The reimbursement will also take place at par, in a single solution upon expiry.
Taxation and placement banks
The usual preferential taxation is provided for all Treasury bonds at 12.5%, exemption from inheritance taxes, as well as the exclusion from the ISEE calculation of up to 50,000 euros invested in government bonds.
The placement will take place on the Mot platform (the electronic market for bonds and government securities of the Italian Stock Exchange) through two dealer banks, Intesa Sanpaolo SpA and UniCredit SpA and two co-dealer banks, Banca Monte dei Paschi di Siena SpA and Banco BPM SpA