The Ministry of the Economy and Finance (MEF) announces that an exchange transaction via electronic trading system will be held on 25 July 2012.
One bond will be issued in exchange of four bonds subject to buyback.
Offered bond: BTP 01 May 2017, coupon 4.75% (IT0004793474).
Basket of Government bonds for exchange transaction (subject to buyback):
- IT0004085210 BTP€i 15 Sep 2017, real coupon 2.1%
- IT0004380546 BTP€i 15 Sep 2019, real coupon 2.35%
- IT0004243512 BTP€i 15 Sep 2023, real coupon 2.6%
- IT0003745541 BTP€i 15 Sep 2035, real coupon 2.35%
The buyback prices of the bonds admitted for the exchange transaction, chosen within the list above, will be visible on 25 July 2012, at 10 am, directly and exclusively on the electronic platform. The exchange transaction will take place from 10 am and finish no later than 11 am of the mentioned day.
The allotment of the bonds 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 this operation.
The transaction will be settled on 30 July 2012.