Introduction sectionPlacement results of the new 5, 10, 30 years US Dollar SEC-Registered Global Bond

Placement results of the new 5, 10, 30 years US Dollar SEC-Registered Global Bond

The Ministry of Economy and Finance announces the placement result of the new 5, 10, 30 years US Dollar SEC-Registered Global Bond.

The placement result of the new 5-year US Dollar SEC-Registered Global Bond. The bond, maturing on the 17th October 2024 with accrual date 17th October 2019, has a 2.375% coupon, paid on a semi-annual basis. The settlement date of the transaction is set on the 17th of October.
The amount of USD 2,5 billion has been issued at a re-offer price of 99.719, equivalent to a 2.435% gross annual yield in USD.

The placement result of the new 10-year US Dollar SEC-Registered Global Bond. The bond, maturing on the 17th October 2029 with accrual date 17th October 2019, has a 2.875% coupon, paid on a semi-annual basis. The settlement date of the transaction is set on the 17h of October.
The amount of USD 2 billion has been issued at a re-offer price of 99.089, equivalent to a 2.981% gross annual yield in USD.

The placement result of the new 30-year US Dollar SEC-Registered Global Bond. The bond, maturing on the 17th October 2049 with accrual date 17th October 2019, has a 4.00% coupon, paid on a semi-annual basis. The settlement date of the transaction is set on the 17th of October.
The amount of USD 2,5 billion has been issued at a re-offer price of 99.619, equivalent to a 4.022% gross annual yield in USD.

The bond has been placed through a syndicate, structured with three lead managers, Barclays Bank PLC, HSBC Bank PLC and J.P. Morgan Securities PLC. The rest of Specialists in Italian Government bonds participating as co-lead managers.
Details regarding the demand composition will follow in the next press release of the Ministry.

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