Btp Valore, a new issue arrives from February 26th: how long it lasts, how much it yields and how to purchase it

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By John

The third issue of the Btp Value that will take place from Monday 26 February to Friday 1 March (until 1pm), unless closing early. The Mef communicates this. THEThe security will have a duration of six years, coupons paid every three months with pre-established returns increasing over time based on a 3+3 year “step up” mechanism, as well as an extra final loyalty bonus of 0.7 percent for those who purchase it during the placement days and hold it until maturity. The minimum rates guaranteed in the first three years and in the following three years, together with the ISIN code that identifies the security, will be communicated on Friday 23 February.

As with previous issues, the BTP Valore 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 from a minimum of 1,000 euros, always having the certainty of having the requested amount subscribed. The government bond can be purchased at par (price equal to 100) and without commissions during the placement days.
The Mef reminds us that the usual preferential taxation for government bonds of 12.5% ​​and the exemption from inheritance taxes apply to the BTP Valore. Subscribers, as always, will be able to sell all or part of the security before its maturity, without constraints and at market conditions. The subscribed capital is guaranteed upon maturity. 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 and UniCredit.