The Ministry of Economy and Finance (MEF) announces that on May 07, 2025, 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 5,000 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 | IT0005419848(*) | 01 Aug 2020 | 01 Feb 2026 | 0.50% |
| BTP | IT0004644735(*) | 01 Sep 2010 | 01 Mar 2026 | 4.50% |
| BTP | IT0005437147 | 01 Mar 2021 | 01 Apr 2026 | 0.00% |
| BTP | IT0005170839(*) | 01 Mar 2016 | 01 Jun 2026 | 1.60% |
| BTP | IT0005454241(*) | 01 Aug 2021 | 01 Aug 2026 | 0.00% |
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 May 09, 2025.