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Ministry of Economy and FinanceTHIRD QUARTER 2013 ISSUANCE PROGRAM

Press Release N° 102 of 06/24/2013

The Ministry of Economy and Finance announces that during the third quarter of 2013 the following new securities will be issued:

BTP 15th September 2013 – 15th November 2016 Minimum final outstanding: 9 billion Euros
BTP 1st August 2013 – 1st March 2024 Minimum final outstanding: 12 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 third quarter, according to market conditions.

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

BTP 15th April 2013 – 15th May 2016 coupon 2.25%
BTP 2nd April 2013 – 1st June 2018 coupon 3.50%
BTP 1st March 2013 – 1st May 2023 coupon 4.50%
CCTeu 1st May 2013 – 1st November 2018

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


The Treasury will place medium and long term securities, nominal – fixed rate and floating (CCTeu) – and inflation linked, through the usual uniform-price (marginal) auction mechanism and it will discretionally set the price and the issuance amount.
 

Rome 06/24/2013

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