On October 6, the Ministry of Economy and Finance announced that the offering The second version of the BTP value It started on October 2nd. More than $17 billion of Italian debt is held with retail savers who have shown great interest in the issue. Could it be the term “value”? The state also does marketing, with support from prestigious newspapers such as Il Sole 24 Ore.
And marketing works magic, because instead when you look at similar BTPs for the same duration in the market, you notice it The value is reduced to a maximum of 0.5% of the loyalty bonus, recognized only to those who have purchased the security being issued and hold it until maturity. Are we sure that the novelty of the quarterly coupon instead of the traditional semi-annual coupon is an advantage for the investor? But if we want this to be a detail compared to the entire context. The extraordinary thing is that all of this happens while you are in… Memorandum updating the economic and financial document Which will form the next budget law, there is evidence that the estimates contained in the document prepared by the government “represent a significant easing of fiscal policy compared to previous targets.” Should anyone be worried? It doesn’t seem so. […]
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