At the start from tomorrow, Monday 19 April and until Friday 23 April, the third issue of the BTP Futura: the proceeds will be entirely destined to finance the various measures for the economic recovery of the country from the Covid-19 pandemic and the expenses related to the vaccination campaign. The Ministry of Economy has communicated the series of guaranteed minimum coupon rates: 0.75% from the first to the fourth year; 1.20% from the fifth to the eighth year; 1.65% from the ninth to the 12th year; 2% from the 13th to the 16th year.
I Final coupon rates will be announced at the close of the placement e non they will still be able be lower than the guaranteed minimum coupon rates. In particular, the coupon rate set for the first 4 years of the bond’s life will remain unchanged, while based on market conditions only the coupon rates relating to the three subsequent four years can be revised upwards.
The ISIN code of the stock during the placement period is IT0005442089. The Mef remember that the Btp Futura presents nominal semiannual coupons calculated on the basis of pre-established and increasing rates over time (the so-called step-up mechanism). The title will also have a maturity of 16 years and there will be a double loyalty bonus: to end of the first eight years of life the investor who has held the BTP Futura since the issue will have right to an intermediate premium equal to 40% of the average nominal GDP growth rate recorded by Istat in the first eight years of the bond’s life, with a minimum of 0.4% of the invested capital, up to a maximum of 1.2%.
Alla final deadline (after the next eight years), investors who have continued to hold the security without solution of continuity from issue until maturity, will be paid a final premium which will include two components: the first equal to the remaining 60% of the average the GDP growth rate recorded in the first eight years of the title, with a minimum of 0.6% up to a maximum of 1.8%; the second equal to 100% of the average GDP growth rate recorded by Istat from the ninth to the sixteenth year, with a minimum of 1% and a maximum of 3% of the invested capital.