For the first three years, the minimum guaranteed rates for the sixth issue of the BTP Valore scheduled from Monday 20th to Friday 24th October (until 1pm), unless early closure, is equal to 2.6%. This was communicated by the Ministry of Economy according to which for the fourth and fifth year it is equal to 3.1% and for the sixth and seventh year it is equal to 4%. At the end of the placement, explains the ministry, the definitive coupon rates will be announced which may be confirmed or revised upwards, based on the market conditions on the closing day of the issue. The BTP Valore, dedicated exclusively to small savers (so-called retail investors), provides nominal coupons paid every three months and a maturity of 7 years with a final extra premium equal to 0.8% of the invested capital, recalls the Mef.
The security will be placed on the MOT platform of the Italian Stock Exchange at par (i.e. with a price equal to 100), without constraints or commissions. The usual preferential taxation is provided for all government bonds at 12.5% on coupons and extra final premium, exemption from inheritance taxes, as well as the exclusion from the ISEE calculation of up to 50,000 euros invested in government bonds. The minimum investment is equal to 1,000 euros and no maximum limit will be applied ensuring complete satisfaction of orders, except for the right of the MEF to close the issue early.