New BTPs and government bonds as new forms of investment arriving in 2023

Working on making new financial products for Italian savers. The confirmation comes from the Minister of the Economy, Giancarlo Giorgetti, who actually goes hand in hand with the Lega's proposal to guarantee large tax rebates to BTP holders. All that remains is to go into the details to understand what is happening and what Italian investors can expect: The intention is clear: to push national savings towards government bonds or similar products. So that you can take advantage of the facilitation that a maximum ceiling of 30,000 eurosthe security must be held until the investor's maturity and at the same time this instrument cannot be sold short. Also noteworthy is the double coupon for investors who keep the security at maturity with an amount determined only in relation to the positive trend of the GDP in Italy. To which are added the new ones capital gains tax. With the share of Italians having dropped to 6.4% in 2021 - added the head of the Via XX Settembre dicastery - it will be important to continue the commitment to increase the direct involvement of Italian savers, through new specially designed financial instruments. We start again from the almost 12 million euro of the corresponding value of Btp Italy purchased by small savers and institutional investors during the placement period of the security indexed to inflation according to the FOI Index, net of tobacco products. For the minister, beyond the figures, we manage to attract more and more investments from families who obviously trust the State's proposal to defend private savings against inflation. During the first phase of the placement dedicated to individual and similar investors, 255,753 contracts were concluded for a value of 7,281.189 million euro. This is one of the highest figures ever recorded in Italy Btp issues, which denotes a significant participation by retail savers, to whom this instrument is specifically dedicated. As regards the second phase of the placement, dedicated to institutional investors, there is a total value requested that is fully accepted, amounting to over 4.7 million euro.