Btp Valore is off to a strong start, with purchases worth one billion already. First billion euros of subscriptions for the BTP Valore, the government bond intended for small savers whose placement opens today.
The bond, which has a duration of six years, offers a coupon of 3.25% in the first three years and 4% in remaining three, with a premium of 0.7% for those who hold it to maturity which brings the average annual return at 3.74%.