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- Second Quarter 2013 Issuance Program

Press release N° 38 of 03/22/2013

The Ministry of Economy and Finance announces that during the second quarter of 2013 the following new securities will be issued:

BTP 2nd April 2013 – 1st June 2018 Minimum final outstanding: 10 billion Euros
BTP 15th April 2013 – 15th May 2016 Minimum final outstanding: 9 billion Euros
CCTeu 1st May 2013 – 1st November 2018 Minimum final outstanding: 7 billion Euros
CTZ 28th June 2013 – 30th June 2015 Minimum final outstanding: 9 billion Euros

The minimum final outstanding refers to the overall issuance of the bond and therefore it relates to the minimum amount the bond shall reach before being replaced by a new benchmark.

The settlement date of the first auction of a new bond may not coincide with the interest accrual date.

New bonds, in addition to the above mentioned ones, could be issued during the second quarter, according to market conditions.

Further tranches of the following on-the-run securities will be issued too:

BTP 1st March 2013 – 1st May 2023 coupon 4.50%
CTZ 31st January 2013 – 31st December 2014

Moreover, according to market conditions, the Ministry of Economy and Finance reserves the right to reopen medium and long-term instruments, nominal – fixed rate and floating (CCTeu) - and inflation linked, including off-the-run instruments, in order to ensure secondary market efficiency.


The Treasury will place medium and long term securities, nominal – fixed rate and floating (CCTeu) – and inflation linked, through the usual uniform-price (marginal) auction mechanism and it will discretionally set the price and the issuance amount.
 

Rome 03/22/2013
IT

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