CARTELLA 5000 LIRE INTERESSE 3,50 % ITALIA 1948
CARTELLA 5000 LIRE INTERESSE 3,50 % ITALIA 1948

1948 - PRESTITO REDIMIBILE 3,50% CARTELLA 5.000 LIRE - ROMA (verde)

3645
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The loans of the period of the Public Debt of the Italian State redeemable at 3.5 per cent bearer folders with denominations from 100 to 100,000 lire were issues of public debt securities undertaken by the Italian State to finance its activities and support public expenditures during a specific historical period.

Description

These loans were called 'bearer bonds' because the securities were issued in the form of bearer documents, i.e. physical securities that could be owned and traded without the need to register the investor's personal details. The denominations of the securities ranged from 100 to 100,000 lire, allowing people of different income brackets to participate in the purchase of the securities.

The interest rate of 3.5 per cent indicated the annual return that holders of the securities received as interest on their invested capital. This fixed interest rate represented the Italian state's obligation to pay interest to the bond holders until maturity.

The 3.5 per cent bearer bonds were issued at a specific time in Italian history and reflected the financial needs of the Italian government at that time. The use of public debt through the issuance of bonds allowed the government to obtain financial resources to finance development projects, infrastructure investments, military spending and other activities of public interest.

Investors who bought these bearer bonds could receive periodic interest during the life of the bonds and at maturity could collect the invested capital. These bonds were considered relatively safe as they were issued by the Italian state, but yields were set according to market conditions and government financial policies.

The history of loans from the period of the Italian State's Public Debt redeemable at 3.5 per cent bearer bonds in denominations of 100 to 100,000 lire represents an aspect of the country's financial system and debt policies during that specific period. These financial instruments helped support the Italian economy and cover public expenses, providing an investment opportunity for Italian citizens.

Product Details

Place of issue
Roma
Year of issue
1948
Nation of issue
Italia
Rarity Index
R3
Quotation Index
S3
scripofilia

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