Continue to run the Orders of the BTP plusthe new status of state reserved for retail customers, which innovates the previous versions of the BTP Futura and BTP Italia. The big novelty is the maximum flexibility guaranteed by this title, which despite expiring at 8 years of age, allows a rethinking after the fourth year, giving the right to the first buyers to request the early refund in whole or in part.
Orders first day at 5.6 billion
The orders of the BTP plus deadline February 2033 to 5.6 billion euros At the end of the first day of discussion, against the signing of 160,734 contracts.
The trend of orders has repositioned itself on average (5.5 billion) of the first three emissions of the Btp valuethe title offered until last year, whose latest issue, in May 2024, had highlighted breasts of tiredness of savers (only 3.5 billion orders on the first day), also for the short time frame compared to the immediately previous placement.
Second day still in the beaten
Also the second day of placementdirectly on the Mot market of Borsa Italiana, it is going to swollen sails. Mid -day orders reached almost 2.5 billionfor a total of beyond 76 thousand contracts exchanged. The title, which has the ISIN IT0005634792 code is exchanged on an equal footing and will be purchased on the Mot market until 1 pm on Friday 21 February 2025.
The title can be purchased by the saver through its own Home Bankingif enabled for online trading functions, or contacting the bank or post office where a current account is held and the securities deposit account. The title is placed on Mot platform of Italian stock exchange without constraints or commissions. Each purchase request will be fully satisfied, without ceilings provided, starting from a minimum possible investment of 1000 euros.
The returns offered by the title and the news
The series of Guaranteed minimum coupon rates announced by the MEF for this issue are equal to:
- 2.80% for the 1st, 2nd, 3rd and 4th year;
- 3.60% for the 5th, 6th, 7th and 8th year.
On Friday, the Ministry of Economy and Finance will announce the definitive rates that will be able to confirm or be revised up compared to these minimum guaranteed, based on the market conditions of the closing day of the issue.
The main novelty Of this issue, however, is the Possibility of early reimbursement at the end of the fourth year. In fact, the title has connected an option although it allows, in a predefined time period, to be able to exercise the option or not, in whole or in part.
The judgments of analysts
According to the opinion of the experts of Intesa Sanpaolo, the medium officer out of the title is equal to 3.20%, In the face of a rate on the title of reference at 8 years of 3.27% at the closure of Friday 14 February. Therefore, the most BTP offers a performance comparable to that of the same negotiable title on the marketbut with the additional option of early refund. This is, according to analysts, the perspective with which it must be evaluated the opportunity to hold it in a wallet, considering that it grants effective protection if in four years the returns proved to be higher than the current ones.
Expected, as for all government bonds, the subsidized taxation at 12.5%, The exemption from succession taxes as well as, as required by the Budget Law 2024, the exclusion from the ISEE calculation up to a maximum limit of 50,000 euros in total.
