The fourth issue of is reaching its final bars Btp Value, the retail government bond (1,000 euros are enough to buy it) issued by the Ministry of Economy and designed for small Italian savers. On the fifth and final day of placement, which is expected to close at 1pm, the six-year bond (minimum rate of 3.35% for the first three, then 3.9%) at 10am raised 250 million euroswith over 10 thousand contracts signed.
In the first four days orders above 10 billion
The total collection of the first three days has arrived above 10 billion euros. Even if, in absolute terms, the numbers of the fourth issue are far from the records of February. On that occasion, at the end of the third day the orders they had approached 17 billion (the placement would later be closed at 18.3 billion). The Treasury, for its part, has already made it clear on several occasions that it does not expect to repeat the results of the record issue. Sources close to the Mef indicated indeed The objective of this placement is precisely 10 billion.
0.8% loyalty bonus
For those who purchase the security during the issuance phase and hold it until maturity (14 May 2030) there is also a 0.8% loyalty bonus, the highest ever paid for this family of government bonds. The ISIN code of the sovereign bond is IT0005594491, and for the placement the dealer banks Intesa Sanpaolo and Unicredit, and the co-dealers Banca Akros (Banco Bpm group) and Banca Sella were selected by the Mef. The Btp Valore will be listed on the Mot, il electronic bond market of the Italian Stock Exchange.
How to buy it and how much it is taxed
As with previous issues, the BTP Valore can be purchased by individual investors through their home banking, if enabled for online trading, or through their advisor at the bank or post office. Taxation is the classic one for government bonds, at 12.5%., which compares with the 26% expected for most other financial annuities. There is also an exemption from inheritance taxes as well as, as provided for by the budget law for 2024, exclusion from the ISEE calculation up to 50,000 euros. (All rights reserved)
Posting time: 10/05/2024 09:38
Last update: 10/05/2024 10:15
