The Ministry of Economy and Finance (MEF) announces that on June 08, 2022, 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 for a maximum amount of 3,000 million Euro.
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 Italia | IT0005312142 | 20 Nov 2017 | 20 Nov 2023 | 0.25 % |
| BTP Italia | IT0005174906 | 11 Apr 2016 | 11 Apr 2024 | 0.40 % |
| BTP Italia | IT0005410912 | 26 May 2020 | 26 May 2025 | 1.40 % |
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 June 10, 2022.