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These 9% BTPs were similar to those mentioned above, but offered a fixed interest rate of 9% instead of 7%. Again, the bonds were issued for a period of several years, usually 10 or 15 years, and investors received annual interest equal to 9% of the nominal value of the bond.
The headline of these 9% BTPs depicted a rural scene. As mentioned above, the images used on the covers of the bonds can vary depending on the issue and the period in which they were issued. The images chosen often depicted scenes characteristic of Italy, such as landscapes, monuments or cultural aspects.
The denominations available for these 9% BTPs ranged from 100,000 to 1,000,000 Italian lire (before the introduction of the euro). The colours of the bonds could vary according to the issues
