The first issue of the BTP Valore, the government bond dedicated exclusively to small savers (retail), will be placed from Monday 5 to Friday 9 June 2023 (until 13.00), unless early closing. The first BTP Value will have semi-annual nominal coupons calculated on the basis of pre-set rates and increasing over time.
The coupons will be calculated based on a given fixed coupon rate for the first 2 years, which increases for the remaining 2 years of the bond's life.