The Ministry of Economy and Finance, Baa3 / BBB / BBB- / BBBH (stab / stab / stab / neg), announces that it has entrusted Barclays Bank PLC, BofA Securities Europe SA and Goldman Sachs Bank Europe SE with the mandate to organize a Global Investor Call at 15:30 LND / 10:30 NY for November 12, which may be followed by a series of bilateral calls with investors.
A new issue denominated in US dollars in SEC-Registered Global format maturing in February 2026, with a possible additional tranche maturing in November 2050, may be carried out in the near future, depending on market conditions.
Price stabilization is foreseen according to FSA and ICMA rules. The reference market (governed by MIFID II) is made up of qualified, professional and retail counterparties (all distribution channels).
The offer will be made only by way of a prospectus that complies with the requirements of Section 10 of the Securities Act of 1933, as amended. Copies of the preliminary prospectus relating to the offering, if available, can be obtained from Goldman Sachs Bank Europe SE Marienturm, Taunusanlage 9-10, 60329 Frankfurt am Main, Germany, Attention: Syndicate Desk telephone +44 (0) 207-774-3904 (Prospectus Department). To obtain a free copy of the prospectus, visit the SEC's website, www.sec.gov, and search under the registrant's name, “Repubblica Italiana”.
An offer document relating to these securities was declared effective by the United States Securities and Exchange Commission on November 2, 2020. This press release does not constitute an offer to sell or the solicitation of an offer to purchase such securities. , nor will there be any sale of such securities in any jurisdiction where such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such states or jurisdictions.
This announcement does not constitute an offer to subscribe or a solicitation of an offer to subscribe for securities in any member state within the EEA where such offer or solicitation is unlawful, unless you rely on the applicable exceptions of the EEA prospectus, whereby no EEA prospectus, registration or similar action would be required within the EEA.
The proceeds from the issue may be used by the issuer for general needs of the issuer, including debt management purposes.