Press release N° 59 of 03/23/2022
The Ministry of Economy and Finance announces the placement results of the first tranche of the new CCTeu maturing on the 15th October 2030. The bond, with accrual date 15th October 2021, has a semi-annual coupon indexed to 6-month Euribor plus 75 basis points. The settlement date of the transaction is set on the 30th March.
The amount of 5 billion Euro has been issued at a re-offer price of 99.739, corresponding to a yield of 78 basis points over the 6-month Euribor.
The bond has been placed through a syndicate, structured with four lead managers,BNP Paribas, Crédit Agricole Corp. Inv. Bank, Intesa Sanpaolo S.p.A. and Monte dei Paschi di Siena Capital Services Banca per le Imprese S.p.A. and with the rest of Specialists in Italian Government bonds invited as co-lead managers.
Details regarding the demand composition will follow in the next press release of the Ministry.
Not for release, directly or indirectly, in or into the United States of America, Australia, Canada or Japan. This document (and the information contained herein) does not contain or constitute an offer of securities for sale, or solicitation of an offer to purchase securities, in the United States, Australia, Canada or Japan or any other jurisdiction where such offer or solicitation would be unlawful. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States or to U.S. persons unless the securities are registered under the Securities Act, or an exemption from the registration requirements of the Securities Act is available. No public offering of such securities is intended to be made in the United States.
Rome 03/23/2022
