The issuance of the Btp Value. Orders for the fourth issue have reached peak levels 8 billion euros shortly after 1pm on the third day of placement. Today customer requests have reached 1.4 billion euros, which are added to the 6.6 billion euros of the first two days. The figure is well below the 11.1 billion of the first two days of the previous edition at the end of February.
Btp Valore, the orders of the third day
The issue will continue until Friday 10 May (at 1pm), unless closed early. Launched last year, the BTP Valore has harvest overall 53.7 billion euros. Last February, again with a six-year BTP Valore, the Treasury raised 18.32 billion euros, while in the October 2023 edition (maturity 5 years) it stopped at 17.19 billion euros and in the first ( maturity 4 years) had settled at 18.19 billion euros.
Btp Value, everything you need to know
This issue has a duration of six years, coupons paid every three months with pre-established and increasing returns over time based on a 3+3 year “step up” mechanism. The final extra premium will be equal to 0.8% for those who purchase it during the placement days and hold it until maturity.
Minimum rates at 3.35% for the first three years
The investment can start from a minimum of 1,000 euros, always having the certainty of having the requested amount subscribed. The security is purchased at par (price equal to 100) and without commissions during the placement days. THE guaranteed minimum rates they are: 3.35% for the 1st, 2nd and 3rd year; 3.90% for the 4th, 5th and 6th year. At the end of the placement, 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.
Btp Value, how to buy it
The BTP Valore can be purchased exclusively by small savers through their home banking, if enabled for online trading functions, or by contacting their contact person at the bank or at the post office where they have a current account with the securities deposit account. The placement takes place on the Mot platform (the electronic market for bonds and government securities of the Italian Stock Exchange) through two dealer banks: Intesa Sanpaolo and Unicredit. The usual preferential taxation for all government bonds is expected at 12.5% on coupons and loyalty bonus, and exemption from inheritance taxes.
