The Ministry of Economy and Finance announces the following bonds’ issuance that will be carried out on June the 17th 2020 through the electronic trading system. Only Specialists in Government Bonds are allowed to participate.
The offered bonds will be:
| Type | CCTeu | BTP | BTP |
|---|---|---|---|
| ISIN code | IT0005185456 | IT0005340929 | IT0005094088 |
| Tranche | 14 | 15 | 21 |
| Issue date | January 15, 2016 | August 01, 2018 | March 01, 2015 |
| Maturity date | July 15, 2023 | December 01, 2028 | March 01, 2032 |
| Coupon | 2.80% | 1.65% | |
| Nominal yield | 0.376% | - | - |
| Spread | 0.700% | - | - |
| Current coupon | 0.190% | - | - |
| Coupon payment date | July 15, 2020 | December 01, 2020 | September 01, 2020 |
| Amount Max offered (mln €) | 1.750 | ||
| Accrued coupon days | 156 | 18 | 110 |
The allotment of the issued bonds will take place at the price offered by each operator and accepted by the MEF.
The issued amount will be set excluding all the bids submitted at prices deemed not to be convenient given market conditions.
The Tap issuance will start at 10 am and finish no later than 11 am (CET).
Therefore Specialists are allowed to insert their bids within the terms defined above, through the electronic trading system, MTS spa – TRS section, with the usual conventions adopted on the market and well known by the market participants.
The results of the transaction will be published on the dedicated pages of the Treasury Website - Public Debt section.
No placement fee will be paid for the transaction.
The transaction will be settled on June 19, 2020.