The Republic of Italy has mandated Banca IMI S.p.A. and UniCredit SpA for the buyback transaction of the BTP Italia due 12th November 2017, coupon 2.15% (ISIN IT0004969207). The transaction is consistent with what has been foreseen in 2017 Public Debt Management Guidelines, considering the large redemption volume of the mentioned BTP Italia. Additionally, the Ministry of the Economy and Finance has mandated the same dealers for syndicated additional tranches of one or more nominal bonds to be selected among the followings:
- BTP 4.50 % 02/01/20 (ISIN IT0003644769)
- BTP 5.00 % 03/01/25 (ISIN IT0004513641)
- BTP 6.05 % 11/01/27 (ISIN IT0001174611
- BTP 1.65 % 03/01/32 (ISIN IT0005094088)
- CCTeu 07/15/23 (ISIN IT0005185456)
Subject to market conditions, on May 25th, the Ministry of the Economy and Finance will inform the market about the bonds selected among those mentioned, with a specific announcement. The same day, after the evaluation of market conditions, the buyback transaction of BTP Italia and the reopening of the selected bonds will be executed. The repurchased amount of BTP Italia will be indicatively equal to 3,000 million euros. FCA/ICMA stabilisation.