(Finance) – The seventeenth will debut in less than a month Btp Italy and the expectation is growing to know the details of the issue. The Ministry of the economy announced that the placement of a new edition of the government bond indexed to the national inflation rate designed for the individual saver will be held from Monday 20 to Thursday 23 June. The Treasury aims to offer families a bond with coupons and capital linked to the increase in prices and therefore that allows them to protect savings.
From via XX Settembre they have already made it known that the features of the security remain mostly the same as the previous issues. To know the yield and the duration exact, however, you will have to wait a few more days. There deadline will be announced shortly and the guaranteed minimum rates will follow on Friday 17 June. For now the Treasury has set a certain point which represents the Announcements more relevant than in the past: for the first time it will be foreseen, for the saver retail who buys in the days of issue, a double loyalty bonus: one that will be paid during the life of the security and one at the final maturity (as for the previous issues) for those who have held it steadily from the beginning.
The new BTP Italia will have a duration of between 6 and 10 years, therefore probably a little longer than past editions (ranging from 6 to 8 years), and, as usual, will be placed on the market in two phases.
There first – from Monday 20 to Wednesday 22 June, unless early closure – will be reserved exclusively for individual savers (the retail market); there second it will be limited to 23 June only and will be reserved for institutional investors. As always, 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 dealer banks Intesa Sanpaolo and Unicredit.