(Finance) – The Orders for the new BTP plusdedicated exclusively to small savers (so -called retail), have totaled about 14.9 billion euros during the placementstarted on Monday and finished today at 1pm.
During the fifth day of placement, the subscriptions were approximately 1.096 billion euros. These add up to 13.8 billion euros of the previous days. In particular, on the first day it collected 5.6 billion euros, the second 3.7 billion euros, the third 2.8 billion euros and the fourth 1.7 billion euros.
Total orders therefore exceeded 11.2 billion euros collected from BTP value in the placement of May 2024but that was a second issue after a couple of months. The previous issue of the BTP value of February 2024, in fact, had scored 18.3 billion euros and had been a record collection, also exceeding the numbers of 2023 (18.2 billion euros in June 2023 and 17.2 billion euros in October 2023).
Last Friday the Ministry of Economy and Finance communicated the series of Guaranteed minimum coupon rates For the issue: 2.80% for the 1st, 2nd, 3rd and 4th year; 3.60% for the 5th, 6th, 7th and 8th year. Today definitive coupon rates will be announced, which can be confirmed or revised up, based on market conditions.
Compared to previous emissions of securities dedicated to retail customers, The loyalty award is missing but an early reimbursement option has been added Like the expiry of the 4th year, reserved only for those who buy the title in placement. The most BTP provides nominal coupons paid quarterly.
As with all government bonds, it is Facilitated 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.