The Ministry of Economy and Finance communicates the issuance of the BTP Italia indexed to Italian inflation (FOI index, excluding tobacco - Consumer price index for blue and white collar households, excluding tobacco) with dividend accrual on May 22, 2017 and maturity on May 22, 2023. The issue will take place on the MOT (the Electronic Bond Market and Government Bonds of Borsa Italiana) through Banca IMI SpA and Unicredit SpA from 15 to 18 May 2017.
Il minimum guaranteed annual (real) coupon rate is 0,45%. The definitive annual (real) coupon rate will be set at the end of the purchase order collection period and may not be lower than the guaranteed minimum annual (real) coupon rate.
The settlement date of all executed purchase orders is unique and coincides with the accrual date.
The inflation index number calculated on the entitlement and settlement date of the security is 101,00000.
The First Phase of the placement period, dedicated to individual savers and similar, will take place from next Monday 15 May until Wednesday 17 May 2017, barring any early closure which will in any case leave the first two full placement days guaranteed (15 and 16 May). The ISIN code of the security for this First Phase is IT0005253668.
Please note that the website of the Ministry of the Economy and Finance contains all the documents illustrating both the placement and distribution methods of the security and the methods for calculating the coupon and capital revaluation.
