Introduction sectionBTP Futura: the guaranteed minimum annual coupon rates and the Isin code

BTP Futura: the guaranteed minimum annual coupon rates and the Isin code

Is on line the series of guaranteed minimum annual coupon rates for the 1st issuance of the BTP Futura, that will take place from Monday 6th of July until Friday 10th of July, unless early closing. 1.15% from the 1st to the 4th year, 1.30% from the 5th to the 7th year, 1.45% from the 8th to the 10th year.

 

The definitive annual coupon rates will be communicated at the closing of the placement period, and in any case they will not be lower than the guaranteed minimum annual coupon rates. Moreover, the coupon rate of the first period, from the 1st year to the 4th year, will remain unchanged while only the other two coupon rates, related to the following two periods, might be revised upwards based on market conditions.

 

BTP Futura will be entirely aimed at financing the post Covid measures adopted by the government related to income support and employment protection, strengthening the national health system and supporting Italian families as well as firms.

 

The ISIN code of the bond for the placement period is IT0005415283.

 

The bond will have a final bonus, on the nominal amount purchased, equal to the average nominal GDP annual growth rate over the bond life as recorded by ISTAT (the National Bureau of Statistics), with a 1% floor and 3% cap, to investors who purchase the bond during the placement period and hold it until the final maturity.
In addition to purchase the bond in banks or post offices, it is possible to purchase the BTP Futura directly on-line, through any home-banking system having an on-line trading feature, or through the new bond booking features offered by banks in order to cope with the containment measures of these months.

 

Moreover, there are no fees to be borne by investors at issuance, while the taxation treatment is equal to 12.5 % and the Inheritance Tax does not apply, as for all government securities.

 

Please note that a dedicated email box (btpfutura@mef.gov.it) is available until the settlement date (14th of July 2020).

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