The Ministry of Economy and Finance announces that the next issuance of BTP Italia, the government bond indexed to the national inflation rate, will take place from Monday, May 15th until Thursday, May the 18th 2017, with a maturity of 6 years.

The bond will be placed through MOT, the retail Borsa Italiana’s screen-based market, in two phases: the First Phase, from Monday, May the 15th to Wednesday, May the 17th (three days which may be reduced to two in the case of early closing), where only individual investors and other persons similarly classified are admitted, while the Second Phase, which will take place in the morning of May the 18th, will be reserved to institutional investors. In case total orders coming from the latter are greater than the final supply decided by the MEF, an allotment procedure will be activated. On the contrary, for individual investors and other persons similarly classified there will not be any rationing, as incoming orders will be fully fulfilled, as in all the previous issuances.

The guaranteed minimum annual real rate of this new issuance will be communicated to the public on Friday, May the 12th, 2017.

In the coming days, the MEF will publish on the website of the Public Debt the term sheet for the new bond and it will update the FAQ to provide investors and market operators with all the necessary information in order to take part in the forthcoming placement.

More information can be requested at: dt.gruppo.info@tesoro.it

For the Bond conditions and features: please read the Mef press release.