Home Business BTP Italy is back, indexed to national inflation and with a double loyalty bonus

BTP Italy is back, indexed to national inflation and with a double loyalty bonus

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BTP Italy is back, indexed to national inflation and with a double loyalty bonus

MILANO – After a year of suspension – 2021 – the Mef returns to issue a new one Btp Italy, indexed to national inflation. Subscriptions will be equal Monday 20 Juneuntil Thursday 23. As in the other issues, this title is designed for the individual saver, with similar characteristics but not identical to the previous versions.

The biggest novelty is probably the double loyalty bonus: the first will be paid (for savers who subscribe to the bond being issued) during the life of the bond, the second will be triggered at the time of redemption, for those who have held the BTP for the entire period. The Mef has announced that the new BTP Italy may have a duration of between 6 and 10 years and, as usual, two phases will be placed on the market: the first phase will take place from Monday 20 to Wednesday 22 June, unless early closure, and will be reserved exclusively for individual and similar savers (the so-called retail market); the second phase will take place on 23 June and will be reserved for institutional investors only.

The duration of the title will be announced in the coming days. The guaranteed minimum rates they will be communicated on Friday 17 June, as always before the subscriptions start. As for the previous issues, retail savers will be able to subscribe BTP Italia in the bank, at post offices or using the online purchase channels, through their home banking if enabled for trading functions. The placement will take place on the Mot electronic platform (the electronic market for bonds and government securities of the Italian Stock Exchange) through the following dealer banks: Intesa Sanpaolo SpA and Unicredit SpA

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