CARTELLA 1000000 LIRE - PRESTITO REDIMIBILE 10% - 1997
CARTELLA 1000000 LIRE - PRESTITO REDIMIBILE 10% - 1997

1995 - PRESTITO REDIMIBILE 10% - 1997 - CARTELLA 1.000.000 LIRE (Paesaggio Rurale, viola)

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The Loan redeemable at 10% of the Public Debt of the Italian State of 1969 was an issue of public debt securities. This loan was issued in accordance with Italian Law No. 964 of 22 December 1969. Ministerial decrees were subsequently issued to regulate the details, dated 26 February 1976, 23 September 1976 and 11 November 1976 respectively, while the date of 11 October 1967 may be related to another related regulation.

Description

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.

Product Details

Place of issue
Roma
Year of issue
1995
Nation of issue
Italia
Rarity Index
R3
Quotation Index
S3
scripofilia

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