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These nine-year 5% BTPs were multi-year bonds with a maturity of nine years. They offered a fixed interest rate of 5% and could be held in bearer form.
The title of these BTPs featured a design taken from the painting by Gianbattista Tiepolo (1696-1770) entitled 'Neptune Offers Gifts to Venice'. Gianbattista Tiepolo was a famous Venetian painter, known for his Baroque works. The image depicted Neptune, the god of the sea, offering gifts to the city of Venice. This painting was a tribute to the historical and cultural importance of Venice as a maritime city.
These BTP bearer bonds had denominations ranging from 5,000 to 1,000,000 Italian lire (before the introduction of the euro). Smaller denominations, such as 5,000 lire, were an affordable option for investors with limited financial means, while larger denominations, such as 1,000,000 lire, were suitable for investors with greater investment capacity.
