The Ministry of Economy and Finance (MEF) announces that on November 04, 2021, 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.
The bonds, subject to buyback, will be the following:
Type | ISIN code | Issue Date | Maturity date | Coupon |
---|---|---|---|---|
BTP | IT0004848831 | 01 May 2012 | 01 Nov 2022 | 5.50% |
CCTeu | IT0005185456 | 15 Jan 2016 | 15 Jul 2023 | --- |
BTP | IT0005424251 | 15 Jul 2020 | 15 Jan 2024 | 0.00% |
BTP | IT0005246340 | 15 Mar 2017 | 15 May 2024 | 1.85% |
BTP | IT0005367492 | 01 Apr 2019 | 01 Jul 2024 | 1.75% |
BTP | IT0005345183 | 17 Sep 2018 | 15 Nov 2025 | 2.50% |
The total repurchased nominal amount of the above mentioned bonds will not exceed 5,000 million euros.
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 November 08, 2021.