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- Buyback transaction of Government bonds via Bank of Italy

Press release N° 113 of 06/15/2022

The Ministry of Economy and Finance (MEF) announces that on June 16, 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 resources available on the Government bonds Sinking Fund will be used for this operation.
Bonds, subject to buyback, will be the following:

Type ISIN code Issue Date Maturity date Coupon
BTP IT0005386245(*) 01 Oct 2019 01 Feb 2025 0.35 %
BTP IT0005090318(*) 02 Mar 2015 01 Jun 2025 1.50 %
BTP IT0005408502 28 Apr 2020 01 Jul 2025 1.85 %

(*) The security has at least one tranche issued "ad hoc" for REPO operations.

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 20, 2022.

Rome 06/15/2022
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