Yes, BTP Italia, guaranteed minimum rate of 1,60% plus national inflation rate.

The guaranteed minimum annual rate for the first issuance of the new BTP Italia Sì, starting Monday, June 15, and running until Friday, June 19, at 1:00 PM, subject to early closing, has been set at 1,60%. This was announced in a statement by the Ministry of Economy and Finance. To calculate the total value of the coupons, this minimum rate, guaranteed even in the event of deflation, must be added to the national inflation rate (Foi Index, excluding tobacco – Consumer Price Index for blue- and white-collar households, excluding tobacco) observed during the reference period. 

The Ministry notes that the BTP Italia Sì, with accrual beginning June 23, 2026, and maturing June 23, 2031, provides semi-annual coupons linked to the national inflation rate, as well as an additional final premium of 0,6% on the subscribed capital reserved for those who purchase it on the days of issuance and hold it until maturity. At the end of the placement, the guaranteed minimum rate may be confirmed or revised upward, based on market conditions. Subscription to the BTP Italia Sì is reserved for individual savers and similar investors only; there will be no caps or prorations, so all applications received during the placement period will be fully satisfied. 

The ISIN code of the security required to identify and purchase it during the placement period is IT0005713539. It is possible to buy BTP Italia Sì, in addition to at the bank or post office, also online through your home banking (with trading function enabled). The issuance will take place on the MOT (the Telematic Market for Bonds and Government Securities of the Italian Stock Exchange) through Intesa Sanpaolo and UniCredit – dealers of the operation and Banca Monte dei Paschi di Siena and Banco BPM – codealers of the operation. The settlement date of all executed purchase orders is a single one and coincides with the accrual date. The BTP Italia Sì is purchased at par (100) for amounts starting from the minimum lot of 1.000 euros during the placement days and can be sold in whole or in part before its maturity, without restrictions and at market conditions, always for minimum lots of 1.000 euros nominal. The subscribed nominal capital is guaranteed at maturity. The Ministry of Economy and Finance's website (www.mef.gov.it) contains all the documents explaining both the placement and distribution procedures for the bond and the coupon calculation methods. 

(Adnkronos)