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3w ago

Italy Sets Minimum Rate for New Btp Italia at 1.85%

The Italian Treasury's inflation-linked bond, with a 7-year term and a 1% loyalty bonus, opens for individual investors on May 27.

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Overview

  • The new Btp Italia bond offers a 1.85% minimum guaranteed annual interest rate, with the final rate to be confirmed or potentially raised on May 30.
  • The bond is indexed to Italy's national inflation rate, with semiannual adjustments to protect investors from rising prices.
  • Individual investors can subscribe from May 27 to May 29, while institutional investors participate on May 30.
  • The bond includes a 1% loyalty bonus for those holding it until its maturity on June 4, 2032.
  • The issuance follows recent credit rating upgrades for Italy, including Moody's outlook shift to 'positive,' reflecting improved fiscal health and banking system stability.