The Ministry of the Economy and Finance (MEF) announces that an exchange transaction via electronic trading system will be held on March 17, 2021. One bond will be issued in exchange of up to four bonds to be bought back.
The following bond will be issued:
| Type | ISIN code | Issue Date | Maturity date | Coupon |
|---|---|---|---|---|
| BTP | IT0005422891 | 01 Oct 2020 | 01 Apr 2031 | 0.90 % |
The issued nominal amount of the above mentioned bond will not exceed 2,500 million euros.
Basket of Government bonds for exchange transaction (subject to buyback) will be:
| Type | ISIN code | Issue Date | Maturity date | Coupon |
|---|---|---|---|---|
| BTP | IT0004009673 | 01 Feb 2006 | 01 Aug 2021 | 3.75 % |
| BTP€i | IT0004604671 | 15 Mar 2010 | 15 Sep 2021 | 2.10 % |
| BTP | IT0005216491 | 03 Oct 2016 | 01 Nov 2021 | 0.35 % |
| CTZ | IT0005388928 | 30 Oct 2019 | 29 Nov 2021 | --- |
The buyback prices of the bonds admitted for the exchange transaction, to be chosen within the above list, will be directly and exclusively visible on the electronic platform the auction day at 10 a.m. The exchange transaction will take place from 10 a.m. and finish no later than 11 a.m. of the same day.
The allotment of the bond to be issued will take place at the price offered by each operator and accepted by the MEF.
Only “Specialists in Government Bonds” will be allowed to participate in the exchange transaction. No placement fee will be paid for the transaction.