New Btp Value at the starting line. The new round of the title dedicated to families with increasing returns and with the loyalty bonus will start tomorrow morning and will close on Friday at 1pm (unless anticipated). The minimum guaranteed rates range from 2.50% for the first and second year, to 2.80% for the third and fourth year up to 3.50% for the final two years, but the definitive coupons may be confirmed or revised upwards based on market conditions at the closing of the issue.
For families, the attraction is a safe parking of liquidity at a time of extreme geopolitical uncertainty and in which the debt of the former ‘European periphery – Italy, Spain, Portugal – is holding up well and has seen spreads flatten to fifteen-year lows. Furthermore, a further advantage of higher yielding European debt compared to the bund is the prospect of inflation which appears to be under control and even below 2% based on the latest data. The new BTP Valore will pay nominal coupons every three months and an extra final premium equal to 0.8% of the invested capital. To subscribe to it – with a minimum denomination of 1,000 euros – simply use home banking, or contact the bank or post office where you have a current account and a securities deposit account. Taxation is the usual preferential rate for all government bonds at 12.5% on coupons and extra final premium. The title is exempt from inheritance taxes and is excluded from the ISEE calculation for up to 50,000 euros invested in government bonds.