Press Release N° 242 of 12/06/2013
The Ministry of Economy and Finance (MEF) announces that on December 10, 2013, a buyback competitive auction of Government bonds will take place at the Bank of Italy, using cash surpluses available on the Treasury account.
The following bonds will be subject to buyback:
- IT0004321813 CCT 01-Dec-2014
- IT0004805070 BTP 01-Mar-2015, coupon 2.50%
- IT0004568272 BTP 15-Apr-2015, coupon 3%
- IT0004404965 CCT 01-Sep-2015
- IT0004085210 BTP€i 15-Sep-2017, real coupon 2.10%
The Specialists in Government bonds will be allowed to submit up to five offers for each bond, that shall be sent electronically to the Bank of Italy through the National Interbank Network, by 11 a.m. of December 10, according to the terms and conditions defined by the same Bank of Italy for buyback auctions.
Offers must be comprehensive of nominal amount and price of the bond on repurchase.
The prices indicated may vary by a minimum of 1 thousandth and the nominal amount of each offer shall not be less than 1 million euro.
The MEF retains the option to reject offers at prices not deemed favourable.
The transaction will be settled on December 13, 2013.