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. The settlement date of all executed purchase orders is in one day and coincides with the accrual date. of the third or fourth day of the placement, the definitive annual coupon rates will be set during the morning of the day after the closing of the placement.
#Istat menus coupon full
In any case, the possible early closing will not take place before Wednesday 11 th of November, thus guaranteeing to individual investors at least three full days of placement. The placement does not entail any cap or allotment hence guaranteeing the entirely satisfaction of the demand, except for the faculty of the MEF to close the issuance earlier. The bond will be placed at par (price equal to 100) through MOT, the retail Borsa Italiana’s screen-based market for securities and government bonds, through two dealers: Intesa Sanpaolo S.p.A. The bond will have a maturity of 8 years and 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. It is recalled that, the BTP Futura has semi-annual nominal coupons calculated on the basis of a preset coupon rates increasing over time (the so-called “step-up mechanism”). The proceeds of the bond will be entirely aimed at financing the last measures adopted by the Government to support families and workers, strengthen the national health system and support enterprises to cope with outstanding crisis related to the Covid-19 pandemic.
#Istat menus coupon code
The ISIN code of the bond for the placement period is IT0005425753. Moreover, the coupon rate of the first period, from the 1 st year to the 3 rd 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. 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.
#Istat menus coupon series
The Ministry of Economy and Finance announces that the series of guaranteed minimum annual coupon rates for the second issuance of the BTP Futura, that will take place from Monday 9 th of November until Friday 13 th of November, unless early closing, is set to:
0 kommentar(er)
