Download Third Quarter 2005 Issuance Programme

Ministry of the Economy and Finance
Ufficio Stampa
PRESS RELEASE
Third Quarter 2005 Issuance Programme
Nominal Bonds
The Ministry of Economy and Finance announces that during the third quarter of 2005 the
following new securities will be issued:
BTP
15 June 2005 – 2008 coupon 2.50%
CTZ 30 September 2005 – 28 September 2007
Minimum amount: 9 billion Euros
Minimum amount: 9 billion Euros
The minimum amount refers to the overall issuance of each bond and therefore it relates to the
minimum amount the bond shall reach before being replaced by a new benchmark.
The settlement date of the first auction of a new bond may not coincide with the interest-accrual
date.
During the third quarter of 2005, the Ministry of Economy and Finance, depending on market
conditions, maintains the right to issue new securities besides the aforementioned new bonds and to
reopen all the securities outstanding. In particular, the Treasury will continue to issue the following
on-the-run securities:
BTP
01 June 2005 – 2010
coupon 2.75 %
BTP
01 February 2005 – 01 August 2015
coupon 3.75 %
CCT 01 March 2005 – 2012
CTZ 31 March 2005 – 30 April 2007
Real Bonds
Over the course of the third quarter of 2005, the following on-the-run securities could be issued:
BTP€i 15 September 2004 – 2010
real coupon 0.95 %
BTP€i 15 September 2003 – 2014
real coupon 2.15 %
BTP€i 15 September 2004 – 2035
real coupon 2.35%
The Treasury will offer the BTP€i at auction – usually on a monthly basis - according to market
conditions. The auctions will take place in the second half of the month, one business day prior to
the medium-long-term auction. The Treasury will announce the bonds to be issued, and the relative
maximum amounts to be offered with the first announcement of the end-month auction of medium
and long-term bonds.
Rome, June 21st 2005