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Ministry of Economy and FinancePlacement results of the dual tranche issuance of a new 5-year BTP and tap of the 30-year BTP

Press release N° 78 of 04/21/2020

The Ministry of Economy and Finance announces the placement results of the syndicated issuance of a new 5-year BTP and tap of the current 30-year BTP benchmark.

As concerns the new 5-year BTP, the bond, maturing on the 1st July 2025 with accrual date 28th of April 2020, has a 1.85% annual coupon, paid on a semi-annual basis. The amount of 10 billion Euro has been issued at a re-offer price of 99.663, equivalent to a 1.928% gross annual yield.

As concerns the tap of the 30-year BTP, due 1st September 2050, coupon 2.45%, the amount of 6 billion Euro has been issued at a re-offer price of 87.186, equivalent to a 3.129% gross annual yield.

The settlement date of the above-mentioned transactions is set on the 28th of April.

The bond has been placed through a syndicate, structured with six lead managers, Banca IMI S.p.A, BofA Securities Europe S.A., Deutsche Bank A.G., JP Morgan Securities PLC, Nomura Int and Société Générale Inv. Banking and with the rest of Specialists in Italian Government bonds participating as co-lead managers.

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 04/21/2020
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