The Ministry of Economy and Finance returns to propose a BTP Italia, two years after the last issue of this type, dating back to March 2023. The placement of the twentieth emission of the title indexed to Italian inflation is designed for i small savers.
The subscription will be divided into two phases:
- The first, from Tuesday 27 to Thursday 29 May, will be reserved for private savers;
- The second, which will be held on Friday 30 May, will be reserved exclusively for professional investors.
The title will have a duration of 7 yearswith deadline set at 4 June 2032, and provides for a Award award of 1% For retail savers who will purchase it during placement and will keep it until expires.
What are BTP Italia?
The BTP Italia are government bonds indexed to Italian inflation, with half -yearly coupons and a duration between 4 and 8 years old, designed in particular to meet the needs of savers and retail investors.
Unlike the titles placed via auction, the BTP Italia are issued by the treasure through the Mot Platform of Borsa Italiana – Euronext, a regulated market also accessible to small savers.
It is a simple investment tool to be subscribed: the purchase can take place without commissions, directly in the bank, at the post offices or through its home banking (if enabled for online trading), without particular constraints for the investor. Alternatively, as for other government bonds, it is also possible to sign them at the own bank or a post Office qualified.
For whom is this kind of investment recommended?
They are government bonds designed above all for i small savers private. They represent a medium -term investment, with a performance indexed to the trend of the cost of living, thus guaranteeing protection against inflation.
To purchase a BTP Italia, the saver must meet some fundamental requirements:
- have signed a contract for investment services with its own intermediary, be it a bank or post office;
- having completed and still have the MIFID questionnaire still valid, necessary to define the investor’s profile;
- having been classified, according to MIFID legislation, based on your risk profile;
- have an active securities deposit, connected to the bank account or the postal booklet.
What are the main features?
As already mentioned, the BTP Italia represent the only type of Italian government bonds indexed at the rate of inflation national. Every 6 months, they recognize interest calculated on a fixed rate applied to capital re -evaluated on the basis of the trend of inflation in the semester of reference, measured through the Istat of consumer prices for the families of workers and employees (foi), net of tobacco.
A further advantage of these titles is that the revaluation of capital comes liquidated sementedthus allowing an immediate recovery of inflation.
What if there is no inflation? In this case, the coupons are however calculated on the nominal capital investedtherefore with extended protection not only to the capital share, but also to interest.
How many can buy them?
The minimum cut of the BTP Italia during the first phase of the placement – from 27 to 29 May 2025 and reserved for individual and related savers – is equal to 1,000 eurosand the purchase can only take place for multiples of 1,000 euros.
In the second phase, or only on May 30th and intended for institutional investors, the minimum lot rises to 100 thousand euros.
Are there any special commissions or taxes?
During the issue, they are not foreseen bank commissions For investors, as is the case for all medium-long term government bonds.
Any commissions applied for early sale on the secondary market, or for the purchase following the issue, depend on the conditions agreed with their own intermediary (bank or mail). Taxation side, the BTP Italia benefits from the facilitated one of 12.5% on capital income and capital gains, like all Italian government bonds.
