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Ministry of Economy and FinanceSyndicated exchange: results of the buyback of BTP Italia due in November and the concurrent reopening of nominal bonds

Press release N° 85 of 05/25/2017

The Ministry of Economy and Finance announces the results of the syndicated exchange transaction, based on the buyback of the BTP Italia due 12 November 2017 (ISIN IT0004969207) and the concurrent issuance of further tranches of the following bonds: BTP 02/01/2020, BTP 03/01/2025, BTP 11/01/2027, BTP 03/01/2032, CCTeu 07/15/2023. The settlement date of the transaction is set on June 1st.
The BTP Italia has been bought back for an amount of 4.2 billion Euro at a price of 101.74.
As for the bonds on offer, the issued amounts and the relative prices have been the following:

Bond Coupon Maturity ISIN Issued amount (mln €) Price
BTP 4.50% 01/02/2020 (ISIN IT0003644769) 750.00 111.474
BTP 5.00% 01/03/2025 (ISIN IT0004513641) 850.00 123.979
BTP 6.50% 01/11/2027 (ISIN IT0001174611) 750.00 140.502
BTP 1.65% 01/03/2032 (ISIN IT0005094088) 950.00 90.387
CCTeu   15/07/2023 (ISIN IT0005185456) 900.00 99.920

The exchange transaction has been carried out through a syndication, structured with Banca IMI S.p.A. and UniCredit S.p.A.
Details regarding the demand composition will follow in the next press release of the Ministry.

Not for release, directly or indirectly, in or into the United States of America, Australia, Canada or Japan. This document (and the information contained herein) does not contain or constitute an offer of securities for sale, or solicitation of an offer to purchase securities, in the United States, Australia, Canada or Japan or any other jurisdiction where such offer or solicitation would be unlawful. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States or to U.S. persons unless the securities are registered under the Securities Act, or an exemption from the registration requirements of the Securities Act is available. No public offering of such securities is intended to be made in the United States.

Rome 05/25/2017
IT

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