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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.
Title: Redeemable Loan 10% - 1997 of the Italian Republic
Issue Date: January 1, 1995
Issuer: Italian Republic
Description: This certificate represents a redeemable loan issued by the Italian Republic with an annual interest rate of 10%. These loans were issued to raise long-term funds to support various financial needs of the state.
Details:
- Face Value: One Million Lire
- Interest Rate: 10% per annum
- Redemption: Redeemable according to the conditions specified by the issuance laws
- Issue Date: January 1, 1995
- Design: Rural landscape with figures
- Issuance Laws: Law of December 22, 1969, No. 964, and DD.MM. February 26, 1976, September 23, 1976, and November 11, 1976
- Heading: Bearer bond of the nominal capital
- Cancellation Stamps: Features cancellation stamps dated 01-97
- Signatures:
- The General Manager: Signature present
- The Manager: Signature present
Borders and Seals: The certificate is decorated with an elaborate purple border and includes a central image depicting a rural landscape with figures. The decorations reflect the art and style of the era, symbolizing the connection between nature and Italian society.
Historical Context: These redeemable loans were issued during a period when Italy was consolidating its economy and striving to maintain financial stability. Financial instruments like these were crucial for supporting government expenses and promoting economic growth.
