Bond profile

BTP Futura — Nov 2028 · CUM

ITALIA/TV BTP FUTURA 20281117 · ISIN IT0005425753
📘Learn moreBTP Futura guiderising coupons, GDP-linked premium and how it differs from ValoreRead the guide →
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Bond terms

ISINIT0005425753
TypeGovernment bond
IssuerRepubblica Italiana
Coupon typeStep-up (rising coupon)
ISIN typePlacement (CUM) — with loyalty premium, not tradable on the market
Maturity17 November 2028
CurrencyEUR
Trading start09 November 2020
Trading venuesBorsa Italiana
The coupon steps (official MEF series)
Years 1–30.35% p.a.
Years 4–60.6% p.a.
Years 7–81% p.a.

Rising coupons pre-set by the Treasury: cash flows are known in advance.

Loyalty premium at maturity: +1% to +3% (GDP-linked, set by the Treasury at maturity) — applies to this (placement, CUM) ISIN if held without ever selling. Not part of the yield: it’s a conditional extra.
The market version of this issue (the one you buy): IT0005425761 →
For this bond, yield to maturity can’t be computed in advance, because future coupons depend on the index: the calculator shows the coupon structure and the bond’s data, pre-filled.
Open in the calculator →

Taxation in Italy

For individuals resident in Italy, interest on government bonds of white-list countries is taxed at a substitute rate of 12.5%. Indicative rate: this is not tax advice.

Bonds with a similar maturity

BTP Futura — Nov 2028IT000542576117 Nov 2028CCT-eu — Oct 2028IT000553498415 Oct 2028BTP Valore — Oct 2028IT000556540010 Oct 2028BTP Valore — Oct 2028IT000556539210 Oct 2028CCT-eu — Apr 2029IT000545136115 Apr 2029ITALY, REP.OF/VAR MTN 20290628 REGSXS009844945628 Jun 2029

Objective data from the official EU register (FIRDS/ESMA), refreshed weekly and automatically cross-checked. This page shows no market prices and is not an investment recommendation.

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