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Contenuto principale

- Fourth Quarter 2013 Issuance Program

Press release N° 167 of 09/24/2013

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

CTZ 29th November 2013 – 31st December 2015 Minimum final outstanding: 9 billions 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 fourth quarter, according to market conditions.

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

BTP     16th September 2013 – 15th November 2016  coupon 2.75%
BTP     2nd September 2013 – 1st December 2018  coupon 3.50%
BTP     1st August 2013 – 1st March 2024  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 09/24/2013
IT