Italy unveils ‘BTP Futura’ retail bond to fund Covid-19 response

By Burhan Khadbai
09 Jun 2020

Italy’s ministry of economy and finance has announced a new government bond which will be reserved exclusively for retail investors, with the proceeds to fund the measures launched by the government to deal with the Covid-19 pandemic and support the recovery of the country.

The BTP Futura will be Italy’s first 100% retail government bond, with the name coined to reflect Italy's future. The bond will have a step-up coupon structure designed to reward investors who hold onto it until maturity. The increasing coupons will be established closer to the time of ...

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