These 12% BTPs offered a fixed interest rate of 12%. Like the other BTPs mentioned, they were issued for a period of several years, usually 10 or 15 years, and investors received annual interest equal to 12% of the nominal value of the security.
The distinguishing feature of these BTPs was the depiction on the cover of the security. According to your description, the bond showed the mythological statues of the Dioscuri, the twins Castor and Pollux, taken from the fountain of the same name in Piazza del Quirinale in Rome. This image was therefore an emblematic symbol of Italy.
The financial document of these BTPs was purple, with the inscription 'Repubblica Italiana' in the top centre. It is important to note that the colours and layout of the text may vary slightly depending on the issue and the year of issue.
1978 - BUONI DEL TESORO NOVENNALI 12% - 1.000.000 LIRE - ROMA (Statue mitologiche, viola)
The 12% BTPs (Buoni del Tesoro Poliennali) issued by the Italian Republic under Law No 183 of 2 May 1976 and the Ministerial Decree of 28 November 1978 were a specific type of public debt security issued by the Italian State.
Description
Product Details
- Place of issue
- Roma
- Year of issue
- 1978
- Nation of issue
- Italia
- Rarity Index
- R5
- Quotation Index
- S5
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