New 10-year BTP issue

In a note, the Ministry of Economy and Finance announces that it has entrusted the mandate to BNP Paribas, Citigroup Global Markets Ltd, HSBC France, Monte dei Paschi di Siena Capital Services Banca per le Imprese SpA, NatWest Markets PLC and UniCredit SpA. for the syndicated placement of a new 10-year BTP benchmark - maturity 1 December 2030. The transaction will be carried out in the near future, in relation to market conditions.

This operation is consistent with what is contemplated in the recent update of the Public Debt Management Guidelines 2020, which provide for the possibility of using the placement syndicate for the issue of securities with a maturity of less than or equal to 10 years. Furthermore, the Issuance program for the second quarter of 2020 envisaged the possible issue of further new securities in addition to those communicated, based on the conditions of the financial markets. The issuance of the new 7-year BTP scheduled for the second quarter is postponed to the third quarter of 2020 to take into account the announced transaction.

 

New 10-year BTP issue

| Economics |