The Ministry of the Economy and Finance (MEF) announces that an exchange transaction via electronic trading system will be held on 7 December 2011.
One bond will be issued in exchange of four bonds subject to buyback.
Offered bond: BTP 01 Aug 2017, coupon 5.25% (IT0003242747).
Basket of Government bonds for exchange transaction (subject to buyback):
- IT0004220627 BTP 15 Apr 2012, coupon 4,00%
- IT0003625909 BTP€i 15 Sep 2014, real coupon 2.15%
- IT0004321813 CCT 01 Dec 2014
- IT0004404965 CCT 01 Sep 2015
The buyback prices of the bonds admitted for the exchange transaction, chosen within the list above, will be visible on 7 December 2011, at 10 am, directly and exclusively on the electronic platform. The exchange transaction will take place from 10 am and finish no later than 11 am of the mentioned day.
The allotment of the bonds to be issued will take place at the price offered by each operator and accepted by the MEF.
Only "Specialists in Government Bonds" will be allowed to participate in the exchange transaction. No placement fee will be paid for this operation.
The transaction will be settled on 12 December 2011.