Bond profile

BTP Valore — Mar 2032 · CUM

ITALIA/TV BTP VALORE 20320310 · ISIN IT0005696320
📘Learn moreBTP Valore guidehow it works, stepped coupons, loyalty premium and who it suitsRead the guide →
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Bond terms

ISINIT0005696320
TypeGovernment bond
IssuerRepubblica Italiana
Coupon typeStep-up (rising coupon)
ISIN typePlacement (CUM) — with loyalty premium, not tradable on the market
Maturity10 March 2032
CurrencyEUR
Minimum denomination1,000 EUR
SenioritySenior
Amount issued16,222,584,000 EUR
Trading start02 March 2026
Trading venuesBorsa Italiana

Step-up bond: coupons rise in pre-set steps, known since issuance. The EU register classifies it as “floating rate”, but coupons do not depend on a market index.

Loyalty premium at maturity: +0.8% — 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): IT0005696338 →
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 Valore — Mar 2032IT000569633810 Mar 2032CCT-eu — Apr 2032IT000559446715 Apr 2032CCT-eu — Oct 2031IT000555498215 Oct 2031BTP Valore — Oct 2032IT000567201628 Oct 2032BTP Valore — Oct 2032IT000567202428 Oct 2032BTP Più — Feb 2033IT000563480025 Feb 2033

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.

We care about accuracy: if you spot an anomaly on this page, let us know at hello@rebalix.eu — we’ll check it against the source.