Il Treasury presents the new BTP Valore 2025, the government bond designed for families and small savers, on placement 20 from October to 24 (until 13 p.m.), unless closed early. The Ministry of Economy and Finance (MEF) has communicated the guaranteed minimum coupon rates and ISIN code of the title: IT0005672016The new edition includes three years at 2,6%, two at 3,1% and other two at 4%a average yield of 3,22% which can go up to 3,33% thanks to the 0,8% loyalty bonus for those who hold the bond until maturity, scheduled for October 2032.
BTP Valore 2025: final rates at the end of the placement
The Treasury has set the minimum guaranteed yields, while at the end of the placement the minimum guaranteed yields will be announced. definitive coupon rates, which may be confirmed or possibly revised upwards according to market conditionsCurrently, the yield on the Italian 10-year bond remains around 3,35%, near its lowest level since December. The budget law, which will be submitted to Parliament on Monday, confirms fiscal discipline, without new deficits, and keeps the environment for government bonds stable, at least in the short term. For this reason, the Treasury has chosen a relatively long maturity, thus offering a substantial coupon.
BTP Valore 2025: How it works: step-up coupons and purchase with a loyalty bonus
The Btp Value provides for a scaling mechanism (step up) of the coupons, divided into three stages (3+2+2 years), designed to encourage the maintenance of the security in the portfolio. coupons are paid every three months, while ordinary BTPs show stable yields. falling interest rates It could also support the price of the bond, which is already traditionally very liquid: previous retail issues closed above par, from 102,86 for the 2027 maturity to 105,85 for the 2028 maturity.
The BTP Value can be purchased exclusively by small savers via home banking, bank branches or post offices where you have a current account with a securities deposit. The minimum investment is 1.000 eurosThe bond will be purchased at par and commission-free during the placement week, except for any securities account management or online trading fees charged by the bank. The placement will take place on the MOT platform through three dealer banks (Intesa Sanpaolo, Unicredit, and Banco BPM) and two co-dealers (Banca Monte dei Paschi di Siena and Banca Sella Holding).
