Once the placement phase of the new BTP Valore has been completed, questions arise for some savers that will accompany the investment until maturity. Some doubts may concern its future management in order to safeguard the basic objectives of the choice married these days.
A possible question answers the possibility of reselling the bond before May 14, 2030, the natural maturity date of the bond loan. For example, at what price will I be able to resell the neo BTP Valore before 2030 and what is the minimum liquidation capital?
Why resell a security before maturity?
First of all, a question could concern “why” to liquidate a bond in advance of the final repayment date. In truth, there is no specific reason, since every saver is free to manage his investments as he sees fit.
In any case, the reasons that normally accompany the choice lead an investor to liquidate an instrument in the portfolio are the following:
- needs to repay the capital for an unexpected expense;
- loss of trust in the issuer for which one intends not to take and/or expose oneself to possible risks;
- fears regarding the unpredictable evolutions of the financial markets in general and/or of the reference underlying;
- desire to reinvest the capital in a more profitable instrument than the one already in the portfolio;
- speculate on any capital gain accrued in the meantime between the date of purchase and the date of resale. Or, in the worst cases, exiting a product that is already making a loss (in capital account) and for which there is a fear of a further continuation of the decline in market values.
At what price will I be able to resell the neo BTP Valore before 2030 and what is the minimum liquidation capital?
Let us now return to the specific case of the BTP Valore 2030. Is it possible to liquidate it before 14 May 2030, when the MEF will reimburse the nominal debt subscribed?
The answer is positive, like what is true for other state bonds. Starting from the 1st trading day on the MOT (next Tuesday, 14 May), the new BTP Valore 2030 will also be freely tradable on the market. Simply enter the sell order in your home banking book and proceed with “sell” on the bond market, Sato bonds included.
But at what prices? Simple: at the market prices in force at the time of resale. Therefore €10 thousand of nominal amount subscribed at 100 in recent days could be liquidated at 98 or 102 in 10 or 20 or 30 months depending on future market conditions. In the 1st case the bond holder would suffer a capital loss, in the 2nd a capital gain (taxed at 12.50%).
As for the minimum sales denomination, the principle of €1,000 of nominal amount subscribed and related multiples always applies.
