The Ministry of Economy and Finance (MEF) announces that on December 16, 2020, a buyback competitive auction of Government bonds will take place at the Bank of Italy. Only “Specialists in Government Bonds” will be allowed to participate in the buyback auction.
The cash surpluses available on the Treasury Account held by the Italian Treasury at the Bank of Italy will be used for this operation.
Bonds, subject to buyback, will be the following:
| Type | ISIN code | Issue Date | Maturity date | Coupon |
|---|---|---|---|---|
| CTZ | IT0005371247 | 29 Apr 2019 | 29 Jun 2021 | --- |
| BTP | IT0004695075 | 01 Mar 2011 | 01 Sep 2021 | 4.75 % |
| BTP | IT0005348443 | 15 Oct 2018 | 15 Oct 2021 | 2.30 % |
| BTP | IT0005216491 | 03 Oct 2016 | 01 Nov 2021 | 0.35 % |
| CTZ | IT0005388928 | 30 Oct 2019 | 29 Nov 2021 | --- |
The Specialists in Government bonds will be allowed to submit up to five offers for each bond that MEF will buyback. Each offer shall be sent to the Bank of Italy through the National Interbank Network, by 11 a.m. of the auction day.
The MEF retains the option to reject offers at prices not deemed favourable given the current market conditions.
The transaction will be settled on December 18, 2020.