Double issue for the BTP Valore family, the government bond reserved for individual and similar savers (so-called retail). The Ministry of Economy and Finance announces, for the first time, a “double” placement.
Two different BTP Valore will be offered, namely BTP Valore and BTP Valore Insieme. They are different in terms of payment frequency, but will offer equivalent returns from a financial point of view.
The BTP Valore returns: from 19 to 23 October
The Treasury Department has announced that from Monday 19 to Friday 23 October (until 1.00 pm), unless early closure, a double issue will be held within the BTP Valore family.
For the first time, two different BTP Values will be offered simultaneously:
- BTP Value with a duration of 5 years and coupons paid every three months, increasing over time according to a profile that will be disclosed before issuance;
- BTP Valore Insieme, always with a duration of 5 years, but with a single coupon paid to the saver on the maturity date of the bond.
Attention: even if they differ in terms of the frequency of coupon payments, they will offer equivalent returns from a financial point of view.
BTP Value: characteristics of the security
Specifically, the characteristics of the BTP Valore security are:
- duration of 5 years;
- coupons paid every three months and increasing over time according to a profile that will be announced before the issue;
- upon maturity, reimbursement of the invested capital;
- non-time bound investment;
- preferential taxation at 12.50%, as for all Government Bonds;
- exemption from inheritance taxes;
- exclusion from the ISEE calculation of up to 50,000 euros invested in government bonds;
- no commission for those who purchase on placement days (excluding account management or online trading costs);
- guarantee of seeing the entire amount requested subscribed;
- minimum denomination that can be purchased: 1,000 euros.
BTP Valore Insieme: characteristics of the security
While the characteristics of the BTP Valore Insieme security are:
- duration of 5 years;
- single coupon paid to the saver on the maturity date of the security;
- upon maturity, reimbursement of the invested capital;
- non-time bound investment;
- preferential taxation at 12.50%, as for all Government Bonds;
- exemption from inheritance taxes;
- exclusion from the ISEE calculation of up to 50,000 euros invested in government bonds;
- no commission for those who purchase on placement days (excluding account management or online trading costs);
- guarantee of seeing the entire amount requested subscribed;
- minimum denomination that can be purchased: 1,000 euros.
How to buy them?
Both securities 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 post office where they have a current account with the securities deposit account.
The placement will take place on the MOT electronic platform through the following dealer banks: Intesa Sanpaolo SpA and Unicredit SpA
For each of the securities issued, the investment will start from a minimum of 1,000 euros.
The Ministry recalls that the following are planned:
- preferential taxation for all Treasury bonds at 12.5%;
- exemption from inheritance taxes;
- the exclusion from the ISEE calculation of up to 50,000 euros invested in government bonds.
Minimum rates guaranteed from October 16th
The Ministry will communicate on Friday 16 October the minimum guaranteed rates relating to the two securities placed in this issue, as well as the ISIN codes that will identify the two distinct BTP Valore.
