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Ministry of Economy and FinanceBTP Italia: placement closed above € 9.3 billion - 74.3 per cent of institutional investors’ demand allotted

Press release N° 92 of 04/16/2015

The Ministry of Economy and Finance announces the placement result of the eighth BTP Italia, the government bond indexed to Italian inflation (FOI index, ex-tobacco - Indice dei prezzi al consumo per le famiglie di operai e impiegati al netto dei tabacchi), with the new maturity of 8 year.

For the bond, with first accrual date April 20th, 2015 and maturity April 20th, 2023, the definitive annual (real) coupon rate is set at 0.50%, paid on a semi-annual basis. The settlement date coincides with the accrual date.

The amount issued has been of 9,379.071 million Euros and it coincides with the total turnover of valid purchase contracts concluded at par on the MOT (the Borsa Italiana’s screen-based market for securities and government bonds) through Banca IMI S.p.A. and UniCredit S.p.A. during the placement period, which started on April 13th, 2015 and ended today at 11 a.m..
In particular, during the First Phase of the placement period (dedicated to retail investors), from April 13th to April 15th, 2015 (at 2.00 p.m.), the number of contracts concluded has been 75,374 for a turnover of 5,378.905 million Euros.
During the Second Phase of the placement period (dedicated to institutional investors), which opened and closed today, the number of purchase proposals collected and executed has been 687 for an issued turnover of 4,000.166 million Euros against a total demand of 5,383.730 million Euros (allotment coefficient around 74.3 per cent).

Details regarding the demand composition, during the First and the Second Phase of the placement period, will follow in the next press release of the Ministry, that will be released tomorrow, April 17th, 2015.

The information contained herein is not for publication or distribution, directly or indirectly, in or into the United States of America. The materials do not constitute an offer of securities for sale in the United States. The securities discussed herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “US Securities Act”) and the securities may not be offered or sold in the United States of America absent registration or an exemption from registration as provided in the U.S. Securities Act, and the rules and regulations thereunder. No public offering of securities is being or will be made in the United States of America. Accordingly, the securities are being offered, sold or delivered only to persons outside the United States in offshore transactions in reliance on Regulation S under the US Securities Act.

Rome 04/16/2015

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