Bond profile

BTP Valore — Jun 2027 · CUM

ITALIA/TV BTP VALORE 20270613 · ISIN IT0005547390
📘Learn moreBTP Valore guidehow it works, stepped coupons, loyalty premium and who it suitsRead the guide →
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Bond terms

ISINIT0005547390
TypeGovernment bond
IssuerRepubblica Italiana
Coupon typeStep-up (rising coupon)
ISIN typePlacement (CUM) — with loyalty premium, not tradable on the market
Maturity13 June 2027
CurrencyEUR
Minimum denomination1,000 EUR
SenioritySenior
Amount issued18,191,090,000 EUR
Trading start05 June 2023
Trading venuesBorsa Italiana · Börse Frankfurt · Börse Stuttgart
The coupon steps (official MEF series)
Years 1–23.25% p.a.
Years 3–44% p.a.

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

Loyalty premium at maturity: +0.5%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): IT0005547408
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.

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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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