2024-07-25 04:00:00
On September 4, the September 2023 one-year government bonds, which had the potential to raise a record amount of nearly 22 billion euros, are due to mature. Banks want to keep this treasure. In order to compete with the future government bonds expected to be issued on September 5, they have all launched a series of financial products. This will not ultimately generate the same benefits.
The state bonds are managed by the General Debt Office. On September 4, it will return capital and interest to 542,670 subscribers.It’s not every day that 22 billion is available in the market. So we have to fight.Alessandro Carlisi, institutional manager of Creylan Bank in Liege, said: “Savings accounts, fixed deposits, bonds… The bank is perfecting its products and has started calling affected customers.”
To reinvest, you have to go to the National Bank. That is, subscribe to new government bonds, the conditions of which are not yet clear. ”As far as we know, they don’t want to take back 3 to 4 billion of the 22 countries. So a lot of liquidity will flow to the banks.”, to help Alessandro Calisi.
Total production is not actual production.
Be aware that some financial products offered by banks are complex and not always transparent. So you must read the fine print carefully:There are fees involved in entry and exit, fees associated with coupons or dividend payments… all of which means that the total return is not the return you will receive”, explains Jean-Phillipe Ducart, spokesman for Testachats.
If you choose to reinvest in government bonds, the subscription period will start on September 5th.
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