Exciting News for Tech Lovers: New BTP Valore Coming in May 2024! Bond Yield, Maturity Date, and More Details

New BTP Valore 2024 Issuance: What You Need to Know

The Ministry of Economy and Finance has announced the arrival of a new issuance of BTP Valore, which is highly popular among Italian small savers.

This State bond will mature in 2030, featuring a mechanism of increasing coupons, making it competitive with other BTPs available on the market.

Details of the May 2024 BTP Valore

The fourth issuance of BTP Valore was revealed today by the Ministry of Economy and Finance.
This special issuance provides an opportunity to invest in a highly successful instrument, tailored for small savers.

The duration of the upcoming May auction is 6 years, and it includes a “step-up” coupon mechanism for 3+3 years.

The final premium, exclusively for savers who purchase during the issuance and hold the BTP Valore until maturity in May 2030, is set at 0.80%.

The minimum investment is 1,000 euros and multiples of that amount, ensuring that the requested amount will be fully subscribed.
No commissions are charged if purchased during the placement.

How to Buy BTP Valore (May 2024 Placement)

As with previous placements, BTP Valore is exclusively dedicated to small savers, who can acquire it through:

– Their online banking platform, if they have a securities account
– A representative of their bank
– A post office, if they have a securities account there

The taxation applied to State bonds, including BTP Valore, is 12.5%, applied to received coupons and any loyalty premium.

Additionally, there is an exemption from inheritance taxes and, as per the 2024 Budget Law, the investment is excluded from the calculation of the ISEE up to a maximum of 50,000 euros, once the measure is definitively approved.

Savers can always proceed with buying or selling by turning to the market, at the conditions offered at that time.

The placement dealers are UniCredit and Intesa Sanpaolo, and the placement will take place on the MOT, the Italian Stock Exchange’s electronic market for bonds and State securities.