The Ministry of Economy and Finance announces the results of the syndicated exchange transaction, based on the buyback of the BTP 09/01/20, BTP 05/01/21, CCTeu 12/15/20, CCTeu 06/15/22, CCTeu 12/15/22 and the concurrent issuance of an additional tranche of the BTP 3 years on the run due 15th October 2021. The settlement date of the transaction is set on December 13th.
As for the bonds bought back, the amounts and the relative prices have been the following:
| Bond | Coupon | Maturity | ISIN | Amount bought back (mln€) | Price |
|---|---|---|---|---|---|
| BTP | 4,00% | 09/01/2020 | (ISIN IT0004594930) | 175,000 | 105,805 |
| BTP | 3,75% | 05/01/2021 | (ISIN IT0004966401) | 928,920 | 106,305 |
| CCTeu | 12/15/2020 | (ISIN IT0005056541) | 644,349 | 99,810 | |
| CCTeu | 06/15/2022 | (ISIN IT0005104473) | 670,504 | 96,720 | |
| CCTeu | 12/15/2022 | (ISIN IT0005137614) | 781,227 | 96,475 |
The BTP 3 years on the run due 15th October 2021, coupon 2.30%, has been issued for an amount of 3.2 billion Euro at a price of 102.151.
The exchange transaction has been carried out through a syndication, structured with Citigroup Global Markets Ltd, Monte dei Paschi di Siena Capital Services Banca per le Imprese S.p.A and Société Générale Inv. Banking.
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.