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- Syndicated exchange: buyback of BTP Italia due in November and concurrent reopening of nominal bonds

Press release N° 80 of 05/23/2017

The Republic of Italy has mandated Banca IMI S.p.A. and UniCredit SpA for the buyback transaction of the BTP Italia due 12th November 2017, coupon 2.15% (ISIN IT0004969207). The transaction is consistent with what has been foreseen in 2017 Public Debt Management Guidelines, considering the large redemption volume of the mentioned BTP Italia. Additionally, the Ministry of the Economy and Finance has mandated the same dealers for syndicated additional tranches of one or more nominal bonds to be selected among the followings:

  • BTP 4.50 % 02/01/20 (ISIN IT0003644769)
  • BTP 5.00 % 03/01/25 (ISIN IT0004513641)
  • BTP 6.05 % 11/01/27 (ISIN IT0001174611
  • BTP 1.65 % 03/01/32 (ISIN IT0005094088)
  • CCTeu 07/15/23 (ISIN IT0005185456)

Subject to market conditions, on May 25th, the Ministry of the Economy and Finance will inform the market about the bonds selected among those mentioned, with a specific announcement. The same day, after the evaluation of market conditions, the buyback transaction of BTP Italia and the reopening of the selected bonds will be executed. The repurchased amount of BTP Italia will be indicatively equal to 3,000 million euros. FCA/ICMA stabilisation.

The information contained herein is not for publication or distribution, directly or indirectly, in or into the United States of America.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 05/23/2017
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