The financial securities issued for this loan were called 'Cartelle' and had an interest rate of 12%. The Folders were bearer bonds, which meant they could be transferred from hand to hand without the need to be registered with a financial institution. The denominations available for these Folders ranged from 100,000 to 50,000,000 lira.
A distinctive feature of these financial securities was the presence of scenes of rural activity depicted in the title. These scenes could depict various activities related to agriculture and the rural environment, such as field cultivation, herding, food production or other aspects of rural life.
The purpose of the loan issue was to finance the budgetary needs of the Italian state through the issuance of public debt securities. The funds raised through this loan could have been used to finance public expenditures such as investments, development programmes, public services or other financial needs of the state.
As its 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 12% redeemable loan of the Italian State Public Debt of 1980 was an issue of public debt securities aimed at financing the budgetary needs of the State. The bearer folders issued featured scenes of agrarian activity and could be traded freely on the financial market.
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