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Ministry of Economy and FinanceBuyback transaction of Government bonds via Bank of Italy

Press release N° 134 of 06/16/2020

The Ministry of Economy and Finance (MEF) announces that on June 18, 2020, a buyback competitive auction of Government bonds will take place at the Bank of Italy. Only “Specialists in Government Bonds” will be allowed to participate in the buyback transaction.

The cash surplus available on the Treasury Account held by the Italian Treasury at the Bank of Italy will be used for this operation.

Bonds subject to buyback will be the following:

Type ISIN code Issue date Maturity date Coupon
BTP IT0005285041 15 Oct 2017 15 Oct 2020 0.20%
BTP Italia IT0005058919 27 Oct 2014 27 Oct 2020 1.25%
BTP IT0005142143 01 Nov 2015 01 Nov 2020 0.65%
 

The Specialists in Government bonds will be allowed to submit up to five offers for each bond that MEF will buyback. Each offer shall be sent to the Bank of Italy through the National Interbank Network by 11 a.m of the auction day.

The MEF retains the option to reject offers at prices not deemed favourable given the current market conditions.

The transaction will be settled on June 22, 2020.

 
Rome 06/16/2020
IT
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