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The new BTP Futura retail bond will carry a....>

BTPS
BTPS: The new BTP Futura retail bond will carry a 10-Yr maturity, the Finance
Ministry announced today. The bond will be sold between July 6-10.
- Reminder of terms: Interest rates to be calculated via the so-called step-up
mechanism, with the guaranteed min. rate announced Jul 3.
- There will also be a loyalty bonus that increases over time to incentivise
holding to maturity (minimum 1%, up to a maximum of 3%), linked to GDP growth.
- No caps on holding, minimum lot of EUR1,000.

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