BTP NOVENNALI SERIE 01/1966 - 100000 LIRE ROMA 1957
BTP NOVENNALI SERIE 01/1966 - 100000 LIRE ROMA 1957

1957 - BUONI DEL TESORO NOVENNALI 5% - 100.000 LIRE - ROMA (Nettuno con tridente, marrone)

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The 5% nine-year Treasury bonds issued by the Italian Republic under Law No. 750 of 19 July 1956 and Ministerial Decree of 28 January 1957 are financial instruments issued by the Italian government to finance its assets. These bonds are characterised by a 5% interest rate and are called 'nine-year' because they have a duration of nine years.

Description

The 5 per cent nine-year Treasury bonds offered investors a fixed interest rate of 5 per cent per year. This meant that investors who bought these bonds received 5% annual interest on their invested capital for the nine-year term.

In addition, Treasury bonds could also offer additional premiums to investors. The premiums were granted under certain conditions specified in the law issuing the securities.

The bearer securities of the five-year five per cent Treasury Bonds had denominations ranging from ITL 5,000 to ITL 100,000. As bearer bonds, they could be transferred by physical delivery of the security and traded on the secondary market.

At the end of the nine-year period, investors were entitled to receive repayment of the invested capital together with accrued interest. Redemption could be requested at the relevant offices or through authorised financial intermediaries.


Product Details

Place of issue
Roma
Year of issue
1957
Nation of issue
Italia
Rarity Index
R3
Quotation Index
S3
scripofilia

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