The Ministry of Economy and Finance announces the placement results of the first tranche of the new 10-year BTP€i - linked to the euro-zone HICP ex-tobacco.
The bond, maturing on the 15th May 2030 with accrual date 15th May 2019, has a real 0.40% annual coupon, paid on a semi-annual basis. The settlement date of the transaction is set on October 9th.
The amount of 4 billion Euro has been issued at a re-offer price of 99.632, equivalent to a 0.436% real gross annual yield.
The bond has been placed through a syndicate, structured with five lead managers, Banca IMI S.p.A, BNP Paribas, JP Morgan Securities PLC., NatWest Markets PLC and Société Générale Inv. Banking and with the rest of Specialists in Italian Government bonds participating as co-lead managers.
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 or in any other jurisdiction in which action is required for such purpose. This document (and the information contained herein) does not contain or constitute an offer of securities for sale, an offer to purchase securities or the solicitation of an offer to sell or purchase securities, in the United States or any other jurisdiction where it is unlawful to do so. 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.