Rome, September 19th, 2003
Exchange offer announcement CCT/BTP
The Ministry of the Economy and Finance announces that an exchange offer auction will take place on September 24.
The bond to be issued will be assigned by means of marginal auctions. The bonds' allotment price and quantity will be determined by the Ministry of the Economy and Finance, taking into account the prevailing market conditions. Bids will be excluded accordingly.
Bond placing fees will not be awarded to intermediaries for this operation.
Only "Specialists in Government Bonds" will be allowed to participate in exchange offer operations.
The bonds involved in the operation are the following:
Government bond accepted for exchange operations (subject to buyback)
IT0000367885 CCT 01/01/97-04
Offered bond
IT0003493258 BTP 01/02/19 4,25% coupon
The buyback price of the bond admitted for the exchange operation shall be announced on the
auction day at 10 a.m. The settlement operation will take place on September 29.