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The financial securities issued for this loan were known as 'Folders' and had an interest rate of 10%. The Folders were in bearer form and the denominations available for them ranged from LIT 1,000,000 to LIT 5,000,000.
A distinctive feature of these financial securities was the portrait of a rural landscape with characters on them. In addition, a watermark depicted the silhouette of an obelisk with horses. These visual elements were probably chosen to recall the image of a rural setting and may have had symbolic meanings related to Italian history and culture.
The purpose of the 10% redeemable loan was to finance the budgetary needs of the Italian state through the issue of public debt securities. The funds raised through this loan could be used to finance various public expenditures, such as investments, development programmes, public services or other financial needs of the state.
As the name indicates, the loan was redeemable, meaning that the Italian government had the obligation to repay the principal and interest to the holders of the bonds at the agreed maturity.
In summary, the 10% redeemable loan of the Italian State Public Debt of 1969 was an issue of public debt securities aimed at financing the budgetary needs of the State. The bearer folders issued featured a portrait of a rural landscape with characters and a watermark depicting the obelisk with horses.
