Benvenuto sul sito del Ministero dell’Economia e delle Finanze, conosciuto anche come Portale mef

Contenuto principale

- SECOND QUARTER 2011 ISSUANCE PROGRAM

Press release N° 40 of 03/25/2011

The Ministry of Economy and Finance announces that during the second quarter of 2011 the following new securities will be issued:

BTP 1st April 2011 - 1st April 2014 Minimum final outstanding: 9 billion Euros

BTP 15th April 2011 - 15th April 2016 Minimum final outstanding: 10 billion Euros

CTZ 29th April 2011 - 30th April 2014 Minimum final outstanding: 9 billion Euros

The minimum final outstanding refers to the overall issuance of the bond and therefore it relates to the minimum amount the bond shall reach before being replaced by a new benchmark.

The settlement date of the first auction of a new bond may not coincide with the interest accrual date.

New bonds, in addition to the above mentioned ones, could be issued during the second quarter, according to market conditions.

Further tranches of the following on-the-run securities will be issued too:

BTP 11/01/2010 - 11/01/2015 coupon 3.00%

BTP 03/01/2011 - 09/01/2021 coupon 4.75%

CCTeu 10/15/2010 - 10/15/2017

Moreover, according to market conditions, the Ministry of Economy and Finance reserves the right to reopen medium and long-term instruments, both nominal and inflation linked, including off-the-run instruments, in order to ensure secondary market efficiency.

The Treasury will place medium and long term securities, both nominal and indexed, through the usual uniform-price (marginal) auction mechanism and it will discretionally set the price and the issuance amount.

Rome 03/25/2011
IT