Press Release N° 202 of 11/06/2019
The Ministry of Economy and Finance (MEF) announces that on November 8, 2019, a buyback competitive auction of Government bonds will take place at the Bank of Italy, using cash surpluses available on the Treasury availability account, held by the Italian Treasury at the Bank of Italy.
The following bonds will be subject to buyback:
|IT0005350514||CTZ||27 Nov 2020|
|IT0005175598||BTP||01 Jun 2021||coupon 0.45%|
|IT0005104473||CCTeu||15 Jun 2022|
|IT0005185456||CCTeu||15 Jul 2023|
The Specialists in Government bonds will be allowed to submit up to five offers for each bond, that shall be sent electronically to the Bank of Italy through the National Interbank Network, by 11 a.m. of November 8, 2019 according to the terms and conditions defined by the same Bank of Italy for buyback auctions.
Offers must be comprehensive of nominal amount and price of the bond on repurchase.
The prices indicated may vary by a minimum of 1 thousandth and the nominal amount of each offer shall not be less than 1 million euro.
The MEF retains the option to reject offers at prices not deemed favourable.
The transaction will be settled on November 12, 2019.