Public Debt: Exchange transaction reserved to Specialists in Government Bonds

An exchange transaction via electronic trading system will be held on October 08, 2020.

One bond will be issued in exchange of up to five bonds to be bought back.

The following bond will be issued:

• BTP IT0005240350 01 Sep 2016 01 Sep 2033 2.45 %

The issued nominal amount of the above mentioned bond will not exceed 2,000 million euros..

Basket of Government bonds for exchange transaction (subject to buyback) will be:

• CTZ IT0005371247 29 Apr 2019 29 Jun 2021
• BTP IT0004009673 01 Feb 2006 01 Aug 2021 3.75 %
• BTP IT0004009673 01 Feb 2006 01 Aug 2021 3.75 %
• BTP IT0004898034 01 Mar 2013 01 May 2023 4.50 %
• BTP IT0004356843 01 Feb 2008 01 Aug 2023 4.75 %

The exchange transaction will take place from 10 a.m. and finish no later than 11 a.m. of the same day.

Only “Specialists in Government Bonds” will be allowed to participate in the exchange transaction.

The transaction will be settled on October 12, 2020.