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- BTP Italia seventeenth issuance: Placement closed at above 9 billion

Press release N° 120 of 06/23/2022

The Ministry of Economy and Finance announces the placement results of the seventeenth BTP Italia, the government bond indexed to Italian inflation (FOI index ex-tobacco, Indices of Consumer Prices for blue and white-collar households with the exclusion of tobacco).
The new bond, with maturity of 8 years, has its first accrual date as of the 28th of June 2022, maturity date as of the 28th of June 2030 and a definitive annual (real) coupon rate of 1.60%, paid on a semi-annual basis. The settlement date coincides with the accrual date.
The amount placed, equal to 9,440.001, coincides with the total turnover of valid purchase contracts concluded at par on the MOT (the Borsa Italiana’s screen-based market for securities and government bonds) through Intesa Sanpaolo S.p.A. and Unicredit S.p.A. during the placement period, which started on the 20th of June 2022 and closed today at 12 p.m.
In particular, during the First Phase of the placement (dedicated to retail investors), from the 20th to the 22nd of June 2022, the number of contracts concluded has been 211,432 for a turnover of 7,260.503 million Euros.
During the Second Phase of the placement (dedicated to institutional investors), which opened and closed today, the number of purchase proposals collected and executed has been 238 for an issued volume of 2,179.498 million Euros.
Details regarding the demand composition, during the First and the Second Phase of the placement period, will follow in the next press release of the Ministry, that will be released tomorrow, the 24th of June 2022.

The information contained herein is not for publication or distribution, directly or indirectly, in or into the United States of America. The materials do not constitute an offer of securities for sale in the United States. The securities discussed herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “US Securities Act”) and the securities may not be offered or sold in the United States of America absent registration or an exemption from registration as provided in the U.S. Securities Act, and the rules and regulations thereunder. No public offering of securities is being or will be made in the United States of America. Accordingly, the securities are being offered, sold or delivered only to persons outside the United States in offshore transactions in reliance on Regulation S under the US Securities Act.

Rome 06/23/2022
IT
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