BTP Italia - The Seventh Issue

Trading

• Total Outstanding Issued: 7,506,032,000 Euro
• Interest: 1.25%, payable on April 27th and October 27th of each year until maturity
• Interest Commencement Date: 27th October 2014
• Maturity Date: 27th October 2020
• Minimum Trading Amount: 1,000 Euro
• Loyalty Premium: 0.4% paid by MEF to individuals who have bought the bond at issuance and have held until maturity

Distribution

• Distribution Period: from Monday, October the 20th until Thursday, October the 23rd 2014, with two phases: the first trhee days, from October the 20th to October the 22nd (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 October the 23rd 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: 27 October 2014
• Dealers selected by the Issuer to the distribution: BNP Paribas (Banca Nazionale del Lavoro S.p.A.) and Monte dei Paschi di Siena Capital Services Banca per le Imprese 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.
• Orders that can be entered during the Placement Period by the Market partecipants: buy orders only.
  First Phase: market orders or limit orders at Issue price only. Validity types: Fill-or-Kill (FOK), Immediate or Cancel (IOC) o 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: Limit orders only with the Day time in force.
• Minimum lot purchasable:
  First Phase: 1,000 Eur
  Second Phase: 100,000 Eur

Please download the new BTP Italia Termsheet.

For more details visit MEF website.

Please download the Borsa Italiana Public Notice

Please download the MEF announcement related to the Minimum Annual Coupon Rate

Please download the Borsa Italiana Public Notice regarding ISIN of the Second Phase of the Distribution Period