The Ministry of Economy announces the third issue of the BTP Valore, the security dedicated exclusively to small savers, from Monday 26 February to Friday 1 March (until 1pm), unless early closure.
The security will have a duration of six years, coupons paid every three months with pre-established and increasing returns over time based on a "step up" mechanism of 3+3 years, as well as an extra final loyalty bonus equal to 0.7 percent for those who purchases during the placement days and holds it until maturity.
The investment can start from a minimum of 1,000 euros, always having the certainty of having the requested amount subscribed.
The government bond can be purchased at par (price equal to 100) and without commissions during the placement days.
The usual preferential taxation for government bonds of 12.5% and the exemption from inheritance taxes apply to the BTP Valore, the ministry reminds us.
Subscribers, as always, will be able to sell all or part of the security before its maturity, without constraints and at market conditions.
The subscribed capital is guaranteed upon maturity.
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