Btp Futura, Treasury fixes rates, Monday placement – Last Hour


(ANSA) – ROME, JULY 03 – Starting from Monday July 6th in
Friday 10th the placement of the new BTP Futura government bond
100% retail, designed to finance interventions for recovery
post Covid19. This was announced by the Ministry of Economy and
Finances, explaining that it will have guaranteed minimum coupon rates
equal to 1.15%, 1.30% and 1.45%.

“The proceeds of the Futura BTP will be entirely destined to
the various measures envisaged post Covid19 for the
income support and job protection, strengthening the
national health system and support for families and businesses
Italian “, underlines the MEP.

Via XX Settembre explains that the definitive coupon rates
will be announced at the end of the placement, and not
however, they may be lower than the minimum coupon rates
guaranteed: 1.15% from the 1st to the 4th year, 1.30% from the 5th to the 7th year,
1.45% from 8th to 10th year.

The Futura BTP will have six-monthly nominal coupons, calculated
on the basis of pre-established and increasing rates over time. The title
it has a 10-year maturity and a loyalty bonus will be provided
equal to 1% of the invested capital, which may increase up to
a maximum of 3% of the amount subscribed, based on the
average annual growth rate of Italy’s nominal GDP
registered by Istat in the period of life of the title, for those
who buy it on issue and hold it to maturity.

No commissions will be applied to the subscriber for
purchases on placement days, while on the performance of the
title will continue to apply the usual subsidized taxation
on government bonds of 12.5% ​​and the tax exemption of
succession as for the other Multi-year Treasury Bills.

It is possible to purchase the Futura BTP, as well as in the bank or
at the post office, also online through home banking.



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