It leaves today, May 6th fourth edition of Btp Valore, a title dedicated mainly to small investors. This instrument offers nominal coupons paid every quarter and has a duration of six years, with an additional final bonus equal to 0.8% of the invested amount. During the first day of placement, the new 6-year BTP Valore, dedicated exclusively to retail, exceeded 2.5 billion euros in orders for over 83 thousand transactions. The issue matures in May 2030.
The May issue
For the May issue, they have been established guaranteed minimum rates which increase progressively: 3.35% for the first three years and 3.90% for the last three. The collection will end on Friday 10 May, at 1pm, unless it ends earlier. Only at that point will the definitive coupon rates be communicated, which could be confirmed or updated upwards, depending on market conditions at the closing of the issue.
Concessionary tax and ISIN code
As always, a‘subsidized tax at 12.5% on coupons and the loyalty bonus, and no inheritance taxes are applied. Furthermore, as anticipated, an additional premium of 0.8% is included for those who subscribe to the security within the next week and hold it until its maturity. To provide a further advantage, government bonds of up to 50 thousand euros will not be considered in the ISEE calculation, probably starting next year, following the issuing of the implementing decree necessary to implement this innovation provided for in the latest budget law . The ISIN code of the security during the subscription period is IT0005594491.
Minimum investment and how to buy it
The Btp Valore will be available for the purchase through their home banking service if enabled for online trading, or by going to their bank or post office where they have a current account and a securities deposit account. The minimum investment required is 1,000 euros and there will be no maximum limit, guaranteeing that all orders will be fulfilled completely, barring any early decisions by the ministry to close the issue.
Investment simulations
As we explained in this article, taking into account a tax rate of 12.5% and assuming an investment of one thousand euros, each quarter the net amount of the coupon will be slightly higher than 7 euros, equivalent to approximately 30 euros per year. This sum increases to 8.5 euros starting from the fourth year. In six years, it is possible to get just over 200 euros. To achieve a greater profit, it would be necessary to increase the investment amount, therefore starting from 5 thousand euros. In the latter scenario, the annual income is around 150 euros, which increases to 170 euros, leading to earning a thousand euros. In the case of an investment of 10 thousand euros every three months, you would obtain a net coupon of 73.28 euros, which would rise to 85.31 euros from the fourth year, reaching 341 euros per year.
After six years, the return would allow you to obtain an additional 70 euros after taxes.
