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Italiano

BTP Italia - Ninth Issue



The Ministry of Economy and Finance (MEF) announces the issuance of BTP ITALIA, with a 8 year maturity as for the last issuance.

Distribution

  • Distribution Period: from Monday, April the 4th until Thursday, April the 7th 2016, with two phases: the first three days, from April the 4th to April the 6th (which may be reduced to two in the case of early closure) will be reserved to individual investors and other entities with the same nature, while April the 7th will be reserved to the remaining types of institutional investors. The final bonus will be awarded to the participants in the First Phase of the distribution who hold the bond until maturity, in accordance with what established in previous issuances.
  • Settlement date for trades executed during the Placement Period: 11 April 2016
  • Dealers selected by the Issuer to the distribution: Banca IMI S.p.A. and Unicredit S.p.A.
  • Fixed price for trades executed during the Placement Period (Issue price): 100%
  • Placement methods: First Phase: continuous trading phase only from 9.00 till 17.30 (no opening auction phase); Second Phase: Auction phase only, from 9:00 till 11:00, with a Pro-rata mechanism applicable.
  • Type of buy orders for the First Phase: market orders or limit orders at Issue price only. Validity types: Fill-or-Kill (FOK), Immediate or Cancel (IOC) or DAY only. Limit orders with the Day time in force will remain into the book also in the case of temporary absence of the Dealers. Second Phase: market orders with the GTC time in force.
  • Minimum lot purchasable: First Phase: 1,000 Eur; Second Phase: 100,000 Eur.

Please download:
- the Public Notice related to the start of the Distribution Period;
- the Public Notice related to the guaranted minimum annual (real) coupon rate;
- the Public Notice regarding the codes for the Second Phase of the Distribution Period and the Dealer;
- the Public Notice related to the start of trading.

Please download the MEF press release and the Termsheet of the Ninth Issuance.

For more details please visit MEF website.

Last update:  April 7 2016 - 16:03


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