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6-year Mar-30 BTP Valore Details

ITALY AUCTION PREVIEW

The MEF have announced further details for the 6-year Mar-30 BTP Valore, for which books will open on Monday 26 February.

  • The ISIN for the bond is IT0005583478.
  • The bond features a 3+3 step-up coupon. The guaranteed minimum annual coupon rates announced are 3.25% in years 1-3 and 4.00% in years 4-6. The bonus for holding to maturity is an additional 0.7%.
  • The MEF notes: "As for all government securities, the taxation treatment is equal to 12.5%, the Inheritance Tax does not apply and as foreseen from the latest budget law, the exclusion of the BTP Valore 2024 from the ISEE calculation"
  • Unless there is an early close, books are due to close at 13:00CET on Friday 1 March.

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