The Ministry of Economy and Finance announces the results of the syndicated exchange transaction, based on the buyback of the BTP Italia due 23 April 2018 (ISIN IT0005012783) and the concurrent issuance of further tranches of the following bonds: BTP 12/01/25, BTP 03/01/26, BTP 02/01/28, BTP 11/01/29, BTP 09/01/46. The settlement date of the transaction is set on October 25th.
The BTP Italia has been bought back for an amount of 3.8 billion Euro at a price of 101.74.
As for the bonds on offer, the issued amounts and the relative prices have been the following:
| Bond | Coupon | Maturity | ISIN | Issued amount (mln €) | Price |
|---|---|---|---|---|---|
| BTP | 2.00% | 12/01/2025 | (ISIN IT0005127086) | 984.50 | 91.871 |
| BTP | 4,50% | 03/01/2026 | (ISIN IT0004644735) | 1266.50 | 107.281 |
| BTP | 2.00% | 02/01/2028 | (ISIN IT0005323032) | 466.00 | 88.836 |
| BTP | 5,25% | 11/01/2029 | (ISIN IT0001278511) | 700.50 | 114.158 |
| BTP | 3,25% | 09/01/2046 | (ISIN IT0005083057) | 384.00 | 88.592 |
The exchange transaction has been carried out through a syndication, structured with Banca IMI S.p.A., Monte dei Paschi di Siena Capital Services Banca per le Imprese S.p.A and UniCredit S.p.A.
Details regarding the demand composition will follow in the next press release of the Ministry.
Not for release, directly or indirectly, in or into the United States of America, Australia, Canada or Japan. This document (and the information contained herein) does not contain or constitute an offer of securities for sale, or solicitation of an offer to purchase securities, in the United States, Australia, Canada or Japan or any other jurisdiction where such offer or solicitation would be unlawful. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States or to U.S. persons unless the securities are registered under the Securities Act, or an exemption from the registration requirements of the Securities Act is available. No public offering of such securities is intended to be made in the United States.